By Jaryn Vecchio
Jul 29, 2021 | 5:19 PM
Cenovus s Christina Lake project in northern Alberta uses steam-assisted gravity drainage (SAGD) to produce oil // Photo courtesy of Cenovus
The last three months were quite successful for Cenovus Energy.
The oil company released their second quarter update on Thursday which highlighted net earnings $224 million.
This comes after bringing in $220 million in the first three months of the year and a loss of $235 million from the same time period of last year.
“Our results underscore the earnings power of the combined company as we further integrate and deliver on our expanded asset base,” said Alex Pourbaix, Cenovus President and CEO.
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