.jpg)
.jpg)
On Tuesday, Cenovus Energy Inc (NYSE: CVE) announced that Brian Ferguson, the company’s President and CEO, will step down on October 31, but will continue in a transition adviser position until March 31, 2018.
Cenovus said that it would start a global search for a new CEO. Brian Ferguson has been in the position since November 2009, when the company was established.
The company disclosed a plan to sell C$4 billion to C$5 billion in non-core assets, the proceeds from which will be used to reduce debt. The new plan was an increase from the previous plans to raise $3.6 billion through dispositions by the end of the year.
Last month, Cenovus paid around $12.8 billion to buy ConocoPhillips' western Canadian oil sands assets. The company will also sell part of the Deep Basin gas field it bought from ConocoPhillips and Marten Hills oil assets.
The deal would allow Cenovus to utilize economies of scale to lower costs, according to the company. It announced that it would achieve C$1 billion in cost savings. In addition, the company aimed to achieve around $375 million of savings from general and administrative expenses.
Shares of the company dropped over 10% in early trading on Tuesday after the announcement.
_Li42.jpg)
.jpg){kind=small}
18 Comments
Kelincona
Apr 12, 2019 at 07 25 pmNon Prescription Metformin Priligy For Sale Tadalis Sx Soft Like Cialis Precio Andorra Prix Cialis Boite 4
Kelincona
May 04, 2019 at 05 40 pmLe Cialis Combien De Temps cheap cialis Cephalexin Perscribed For No Prescription For Fluconazole 150 Mg Dosis De Propecia
LesBuro
Jul 29, 2019 at 05 40 pmZithromax Azithromycin Tablets Indian Pharmacy Online Order Prevacid
LesBuro
Aug 02, 2019 at 04 02 pmStendra 50mg Cephalexin Suspension cheap cialis Ez Pharmacy Online Canadian Drug Store Traitement Cialis
LesBuro
Aug 06, 2019 at 09 41 pmBuy Nolvadex Uk buy generic cialis Amoxicillin Processed Through Kidney Or Liver Levitra Vergessen
yeezy boost 350
Jun 25, 2023 at 05 41 amIt抯 onerous to seek out educated folks on this subject, but you sound like you understand what you抮e talking about! Thanks
yeezy boost 350 http://www.adidasyeezyboost350.us.com
palm angels
Jun 25, 2023 at 08 52 pmThere may be noticeably a bundle to find out about this. I assume you made certain nice points in features also.
palm angels http://www.palmangels-hoodie.com
yeezy gap
Jun 30, 2023 at 08 54 pmIt's best to take part in a contest for among the finest blogs on the web. I will advocate this site!
yeezy gap http://www.gaps.us.com
palm angels outlet
Jul 01, 2023 at 12 43 pmThere may be noticeably a bundle to learn about this. I assume you made certain nice points in features also.
palm angels outlet http://www.palmangelsoutlet.us.com
gap yeezy
Jul 03, 2023 at 10 05 amThe subsequent time I read a blog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my option to read, however I really thought youd have one thing interesting to say. All I hear is a bunch of whining about one thing that you may repair if you werent too busy searching for attention.
gap yeezy http://www.gapyeezy.us
off white outlet
Jul 05, 2023 at 10 43 pmCan I simply say what a aid to seek out someone who actually is aware of what theyre talking about on the internet. You positively know tips on how to carry an issue to mild and make it important. More folks need to learn this and perceive this facet of the story. I cant believe youre no more popular since you positively have the gift.
off white outlet http://www.off--whiteoutlet.com
bape
Jul 06, 2023 at 02 37 pmI抦 impressed, I need to say. Actually not often do I encounter a weblog that抯 each educative and entertaining, and let me inform you, you might have hit the nail on the head. Your thought is excellent; the issue is one thing that not enough people are talking intelligently about. I am very pleased that I stumbled throughout this in my seek for something regarding this.
bape http://www.bapehoodie.us
supreme hoodie
Jul 08, 2023 at 04 49 pmIt抯 hard to find educated individuals on this topic, however you sound like you already know what you抮e talking about! Thanks
supreme hoodie http://www.supremeclothingstore.com
hermes outlet
Jul 12, 2023 at 02 21 amAw, this was a very nice post. In idea I wish to put in writing like this additionally ?taking time and actual effort to make a very good article?however what can I say?I procrastinate alot and in no way seem to get something done.
hermes outlet http://www.hermes-outlet.us.org
yeezy 500
Jul 14, 2023 at 10 57 amYou made some respectable factors there. I appeared on the internet for the difficulty and located most individuals will go along with along with your website.
yeezy 500 http://www.yeezy-500.us.com
hermes birkin bag
Jul 17, 2023 at 07 33 amI'm typically to running a blog and i actually appreciate your content. The article has actually peaks my interest. I'm going to bookmark your website and preserve checking for brand spanking new information.
hermes birkin bag http://www.hermesbirkins.com
off white nike
Jul 17, 2023 at 10 20 pmI am often to blogging and i really admire your content. The article has really peaks my interest. I am going to bookmark your site and preserve checking for new information.
off white nike http://www.off-whites.us
yeezy
Jul 18, 2023 at 01 45 pmIt's best to participate in a contest for one of the best blogs on the web. I'll recommend this site!
yeezy http://www.shoes-yeezy.us