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Cenovus finishes 2015 with strong balance sheet

February 11, 2016
- Oil and Energy
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Cenovus's Christina Lake project in northern Alberta uses steam-assisted gravity drainage (SAGD) technology to produce oil. The process involves drilling into the reservoir and injecting steam at a low pressure to soften the oil so it can be pumped to the surface. (CNW Group/Cenovus Energy Inc.)Additional budget reductions planned to preserve financial resilience

CALGARY, Feb. 11, 2016 /CNW/ – Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) achieved significant sustainable cost savings across its business in 2015 and further strengthened what is now one of the best balance sheets…

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