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Cenovus to buy renewable power from Cold Lake First Nations, Elemental Energy partnership
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Cenovus to buy renewable power from Cold Lake First Nations, Elemental Energy partnership
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Cenovus makes strong progress on Husky integration and synergies
10 May 2021
Cenovus Energy delivered solid operating and financial performance in the company’s inaugural quarter of operations following the acquisition of
Husky Energy on January 1. With its disciplined and methodical approach to integrating Husky’s assets, the company has made significant progress in the first three months of the year and is firmly on track to deliver on its targeted acquisition synergies and 2021 budget and production guidance. Cenovus produced nearly 770,000 barrels of oil equivalent per day (BOE/d) in the quarter, and generated adjusted funds flow of more than $1.1 billion, cash from operating activities of $228 million, free funds flow of $594 million and net earnings of $220 million.