February 12, 2016 / 11:40 AM / 2 years ago

Cenovus Energy to sell up to $5 bln in securities amid oil slump

Feb 12 (Reuters) - Canadian oil producer Cenovus Energy Inc said it would sell up to $5 billion of stock, debt and other securities in one or more tranches, a day after it cuts its dividend, to shore up cash amid a slump in oil prices.

The mixed shelf offering - where a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale - comes after the company also said it would cut its 2016 budget and lay off more employees. (1.usa.gov/1WhvZXF) (Reporting by Anet Josline Pinto in Bengaluru; Editing by Shounak Dasgupta)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below