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Cenovus Energy posts wider loss on nearly C$2 billion impairment charge [February 08, 2022] (Reuters) -Cenovus Energy Inc posted a wider quarterly loss on Tuesday primarily due to on-cash impairment of C$1.9 billion ($1.50 billion) in the U.S. manufacturing segment. |
Pipelines carrying steam to wellheads and heavy oil back to the
processing plant line the roads and boreal forest at the Cenovus Energy
Christina Lake Steam-Assisted Gravity Drainage (SAGD) project 120 km (74
miles) south of Fort McMurray, Alberta, August 15, 2013. Cenovus
currently produces 100,000 barrels of heavy oil per day at their
Christina Lake tar sands project. REUTERS/Todd Korol |
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