Canadian oil and gas producer Cenovus Energy Inc reported a better-than-expected operating profit, helped by a 48 percent jump in production at its Christina Lake oil sands project in northern Alberta.The Calgary-based energy company, which owns Christina Lake with ConocoPhillips and operates it, said production at the project rose to an average of 65,738 net barrels per day.Cenovus also co-owns Foster Creek, where production dropped 2 percent. It is developing a third project as part of its joint venture with ConocoPhillips.The company said its cash flow - a key indicator of its ability to fund new projects - fell 4 percent to about C$1.2 billion, hurt by "significantly lower" refining margins.
ConocoPhillips explores for, produces, transports and markets crude oil, natural gas, natural gas liquids, liquefied natural gas and bitumen on a worldwide basis. Shares of COP fell by 0.43% or $-0.32/share to $74.36. In the past year, the shares have traded as low as $58.71 and as high as $75.34. On average, 5812400 shares of COP exchange hands on a given day and today's volume is recorded at 4437169.
Cenovus Energy, Inc. (Cenovus) is Canadian integrated oil company. Shares of CVE fell by 1.52% or $-0.46/share to $29.72. In the past year, the shares have traded as low as $25.52 and as high as $31.60. On average, 1093790 shares of CVE exchange hands on a given day and today's volume is recorded at 876237.
Cenovus Energy, Inc. (Cenovus) is Canadian integrated oil company. Shares of CVE fell by 1.48% or $-0.49/share to $32.53. In the past year, the shares have traded as low as $28.25 and as high as $33.11. On average, 1637060 shares of CVE.TO exchange hands on a given day and today's volume is recorded at 1601319.
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