Cenovus Energy Inc is ready to begin talks with potential joint-venture partners looking for a piece of the company's oil sands holdings in northern Alberta, the company's chief executive said on Thursday.Cenovus, Canada's No. 2 independent oil exploration and production company, said in February it wanted a partner to help speed development of some of its oil sands properties.Brian Ferguson, the company's chief executive, said the potential deal would include a stake in its planned Telephone Lake project, where it plans a 90,000 barrel per day thermal oil sands project to tap reserves totaling more than 1.3 billion barrels."There is lots of interest (from) very qualified parties, substantial entities, given the world-class scale of the opportunity here," Ferguson said on a conference call. "Data rooms have opened, management presentations and discussions with companies that have qualified to get into the data room will begin in the next week or so."
Cenovus Energy Inc. (Cenovus), incorporated on September 24, 2008, is an oil company. Shares of CVE traded higher by 1.73% or $0.62/share to $36.54. In the past year, the shares have traded as low as $27.78 and as high as $40.73. On average, 1832530 shares of CVE exchange hands on a given day and today's volume is recorded at 704086.
