Cenovus Energy

Cenovus Energy announces renewal of share buyback program

Retrieved on: 
Tuesday, November 7, 2023
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Cenovus’s renewal of its share buyback program is consistent with the company’s capital allocation framework, which supports enhancing value for investors by returning cash to shareholders, generating strong returns on capital investment and deleveraging its balance sheet.

Key Points: 
  • Cenovus’s renewal of its share buyback program is consistent with the company’s capital allocation framework, which supports enhancing value for investors by returning cash to shareholders, generating strong returns on capital investment and deleveraging its balance sheet.
  • Cenovus’s prior NCIB for the purchase of up to 136,717,741 common shares is set to expire on November 8, 2023.
  • As at October 31, 2023, Cenovus had repurchased an aggregate of 44,325,888 common shares at a weighted-average price of $24.74 per common share, excluding brokerage fees, under its prior NCIB.
  • Cenovus Energy Inc. is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States.

Cenovus to hold third-quarter conference call and webcast

Retrieved on: 
Wednesday, October 25, 2023
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CALGARY, Alberta, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its third-quarter 2023 results on Thursday, November 2.

Key Points: 
  • CALGARY, Alberta, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its third-quarter 2023 results on Thursday, November 2.
  • The news release will provide consolidated third-quarter operating and financial information.
  • To join the conference call without operator assistance, please register here approximately 5 minutes in advance to receive an automated call-back when the session begins.
  • Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the company’s preferred shares are listed on the Toronto Stock Exchange.

Distinguished industry leader, Hal Kvisle, named as Board Chair of new Liquids Pipelines Company

Retrieved on: 
Thursday, October 12, 2023
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CALGARY, Alberta, Oct. 12, 2023 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is pleased to announce that distinguished industry leader Hal Kvisle has agreed to be appointed as Chair of the new Liquids Pipelines Company’s Board of Directors.

Key Points: 
  • CALGARY, Alberta, Oct. 12, 2023 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is pleased to announce that distinguished industry leader Hal Kvisle has agreed to be appointed as Chair of the new Liquids Pipelines Company’s Board of Directors.
  • The Transaction is anticipated to be completed on a tax-free basis in the second half of 2024.
  • “Hal is an inspiring and seasoned leader with extensive industry experience and intimate knowledge of TC Energy’s highly competitive North American liquids system,” said Siim A. Vanaselja, Chair of TC Energy’s Board of Directors.
  • The new Liquids Pipelines Company will focus on the value of its unrivalled asset base.

Avatar Ventures Announces First Close of $2.5MM for it's Inaugural Leadership Fund I

Retrieved on: 
Tuesday, September 26, 2023
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TORONTO and CALGARY, AB, Sept. 26, 2023 /CNW/ - Avatar Innovations ("Avatar"), Canada's first Energy Transition Corporate Venture Studio is pleased to announce the first close of its inaugural fund, Avatar Leadership Fund 1 (the "Fund").

Key Points: 
  • TORONTO and CALGARY, AB, Sept. 26, 2023 /CNW/ - Avatar Innovations ("Avatar"), Canada's first Energy Transition Corporate Venture Studio is pleased to announce the first close of its inaugural fund, Avatar Leadership Fund 1 (the "Fund").
  • The successful first closing of the Fund is the next exciting chapter for Avatar as it delivers on its ambitious vision of building the new energy future.
  • Avatar Ventures is a wholly owned subsidiary of Avatar Innovations.
  • "With the successful initial closing of the Avatar Ventures Leadership Fund I, we are poised to accelerate the development of cutting-edge technologies and nurture emerging leaders at an unprecedented pace.

WPC Energy Marks the End of a Successful 24th World Petroleum Congress in Calgary

Retrieved on: 
Thursday, September 21, 2023
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CALGARY, Alberta, Sept. 21, 2023 (GLOBE NEWSWIRE) -- The 24th World Petroleum Congress (WPC) has come to a close after five days of engaging conversations centered on the theme “Energy Transition: The Path to Net Zero”.

Key Points: 
  • CALGARY, Alberta, Sept. 21, 2023 (GLOBE NEWSWIRE) -- The 24th World Petroleum Congress (WPC) has come to a close after five days of engaging conversations centered on the theme “Energy Transition: The Path to Net Zero”.
  • “The 24th WPC has been an incredible success,” said Denis Painchaud, President & CEO, OCAN.
  • “WPC Energy’s vision is to facilitate an open dialogue around oil, gas, energy and its products with participation from around the world.
  • To stay connected to WPC Energy and updates regarding the 25th WPC in Riyadh in 2026, please visit www.world-petroleum.org .

Saudi Arabia Signs Official MOU to Host and Organize the 25th World Petroleum Congress

Retrieved on: 
Thursday, September 21, 2023
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CALGARY, Alberta, Sept. 20, 2023 (GLOBE NEWSWIRE) -- WPC Energy, formerly World Petroleum Council, announced this week the official MOU signed by HRH Prince Abdulaziz Bin Salman Al Saud, Minister of Energy Saudi Arabia and WPC Energy President Pedro Miras.

Key Points: 
  • CALGARY, Alberta, Sept. 20, 2023 (GLOBE NEWSWIRE) -- WPC Energy, formerly World Petroleum Council, announced this week the official MOU signed by HRH Prince Abdulaziz Bin Salman Al Saud, Minister of Energy Saudi Arabia and WPC Energy President Pedro Miras.
  • The MOU signing officially passes organizing privileges of the World Petroleum Congress to Saudi Arabia who will be hosting the 25th edition in Riyadh in 2026.
  • In addition to this signing, the World Petroleum Council officially unveiled its new branding at a name-changing ceremony during the opening ceremonies of the 24th World Petroleum Congress (WPC).
  • Thursday, September 21 is the final day of the 24th World Petroleum Congress.

Cenovus Energy announces pricing of tender offers for certain outstanding series of notes

Retrieved on: 
Tuesday, September 19, 2023
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Per $1,000 principal amount of Notes validly tendered prior to or at the Early Tender Date and accepted for purchase.

Key Points: 
  • Per $1,000 principal amount of Notes validly tendered prior to or at the Early Tender Date and accepted for purchase.
  • Cenovus refers investors to the Offer to Purchase for the complete terms and conditions of the tender offers.
  • Withdrawal rights for the Notes expired at 5:00 p.m., New York City time, on the Early Tender Date.
  • The full details of the tender offers, including complete instructions on how to tender Notes, are included in the Offer to Purchase.

Cenovus Energy announces early tender results and increase of tender offers for certain outstanding series of notes

Retrieved on: 
Tuesday, September 19, 2023
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Cenovus expects to elect to exercise its right to make payment on September 20, 2023 (the “Early Settlement Date”) for Notes validly tendered prior to or at the Early Tender Date and accepted for purchase.

Key Points: 
  • Cenovus expects to elect to exercise its right to make payment on September 20, 2023 (the “Early Settlement Date”) for Notes validly tendered prior to or at the Early Tender Date and accepted for purchase.
  • Cenovus intends to fund the purchase of validly tendered and accepted Notes on the Early Settlement Date with cash on hand and certain short-term borrowings.
  • The full details of the tender offers, including complete instructions on how to tender Notes, are included in the Offer to Purchase.
  • The tender offers are being made solely pursuant to the Offer to Purchase made available to holders of the Notes.

24th World Petroleum Congress Kicks Off in Calgary

Retrieved on: 
Monday, September 18, 2023
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CALGARY, Alberta, Sept. 18, 2023 (GLOBE NEWSWIRE) -- The 24th World Petroleum Congress (WPC) officially kicks off today, bringing thought leaders from across the global energy industry to Calgary, AB.

Key Points: 
  • CALGARY, Alberta, Sept. 18, 2023 (GLOBE NEWSWIRE) -- The 24th World Petroleum Congress (WPC) officially kicks off today, bringing thought leaders from across the global energy industry to Calgary, AB.
  • “On behalf of the WPC Organising Committee for Canada, I am thrilled to officially welcome the world to Calgary for the 24th World Petroleum Congress,” said Denis Painchaud, President & CEO, Organising Committee for Canada (“OCAN”).
  • Additionally, a name-changing ceremony took place to officially mark the World Petroleum Council’s transition to its new name, WPC Energy, which was announced earlier this summer.
  • He is only the twelfth recipient of the Dewhurst Award in the nearly 90-year history of the World Petroleum Council.

Canada’s Only National Convention for Carbon Capture Returns to Edmonton September 12- 14, 2023

Retrieved on: 
Monday, September 11, 2023
Carbon, The Honourable, Senior, Young Women (organization), AB, Emerging, ERA, Alberta Innovates, Low-carbon technology, Western Canada, Commercial, Department of Sustainability and Environment, Alberta Carbon Trunk Line, Corporate Affairs, Business development, Innovation, Government, Alberta Carbon Trunk Line System, Commercial management, Cenovus Energy, TotalEnergies, Exhibition, Entropy, Quest Carbon Capture and Storage Project, Capital Power Corporation, ALTA, Sustainability, Edmonton Convention Centre, Environment, Research, Siemens Energy, Meyn Food Processing Technology, TC Energy, Jasper Avenue, Wine, CCUS, Oil, Nightclub, Tourism, Fluor, Linde, New energy, Utilization

Calgary, ALTA, Canada, Sept. 11, 2023 (GLOBE NEWSWIRE) -- CALGARY, ALTA -  (September 11, 2023) dmg events presents Carbon Capture Canada, the only national event dedicated to Carbon Capture, Utilization and Storage (CCUS.)

Key Points: 
  • Calgary, ALTA, Canada, Sept. 11, 2023 (GLOBE NEWSWIRE) -- CALGARY, ALTA -  (September 11, 2023) dmg events presents Carbon Capture Canada, the only national event dedicated to Carbon Capture, Utilization and Storage (CCUS.)
  • Over 4,000 key industry stakeholders, leaders in CCUS and Government officials will gather at the Edmonton Convention Centre (9797 Jasper Avenue, Edmonton, AB) from September  12 - 14, 2023.
  • Awards will be presented in categories for Carbon Capture Projects, Carbon Capture Startups, Innovation in CCUS Technology, CCUS Leader of the Year, Carbon Storage  and Emerging CCUS Leadership.
  • For more information on how to participate in the Carbon Capture Canada Convention, please visit Carbon Capture Canada .