April 26, 2017 / 10:13 AM / 6 months ago

BRIEF-Cenovus qtrly earnings per share $0.25

April 26 (Reuters) - Cenovus Energy Inc:

* Cenovus delivers strong first quarter operational performance

* Qtrly operating loss per share $0.05

* Says foster creek production averaged 80,866 bbls/d net in q1 of 2017, 33% more than in same period of 2016

* Qtrly earnings per share $0.25

* Says Christina Lake in Q1, production averaged 100,635 bbls/d net, a 31% increase from same period in 2016

* Qtrly adjusted funds flow per share 0.39

* Cenovus Energy Inc - on track with plan to integrate deep basin assets and staff upon closing

* Cenovus energy-since announcing agreement to purchase Conocophillips assets, Cenovus has made significant progress in executing its acquisition plan

* Cenovus- To reduce debt related to Conocophillips deal, co has been marketing pelican lake, suffield conventional assets with data rooms open to buyers

* Cenovus Energy Inc - continued to achieve additional operating cost and sustaining capital reductions in q1 of 2017

* Cenovus- Plans to sell a significant portion of its legacy conventional properties to help finance company’s acquisition of deep basin and fccl assets Source text for Eikon: Further company coverage:

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