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Company News

Cenovus posts smaller loss as production more than doubles

Nov 2 (Reuters) - Canadian oil producer Cenovus Energy Inc reported a smaller third-quarter loss on Thursday as production more than doubled.

Net loss narrowed to C$69 million ($53.76 million), or 6 Canadian cents per share, in the quarter ended Sept 30 from a loss of C$251 million, or 30 Canadian cents per share, a year earlier, when it reported asset impairments of C$292 million.

Total production was 590,851 barrels of oil equivalent per day in the quarter. ($1 = 1.2836 Canadian dollars) (Reporting by John Benny in Bengaluru; Editing by Anil D’Silva)

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