With An Increased Downstream Presence, Wider WTI-WCS Spread Less Impactful On Cenovus

Downstream assets acquired by Cenovus Energy Inc.’s in its 2021 combination with Husky Energy Inc. have helped ease the blow of widened West Texas Intermediate (WTI)-Western Canadian Select (WCS) differentials, says Alex Pourbaix, president and CEO.

August 9, 2022, 12 AM MDT

Oilsands CEOs Say Inflationary Impact ‘An Issue’ But Yet To Be Materially Felt

The chief executives of Canada’s oilsands juggernauts say inflationary pressures are being felt but are limited in impact so far because their respective long-lead-time projects have required them to procure supplies and services prior to any major price spikes.

August 8, 2022, 8:29 AM MDT

Suncor Continues To Explore Potential Sale Of Its Retail Business; Decision Expected In Q4

Suncor Energy Inc. continues to review options for its retail business to ensure the company is maximizing the long-term value of that business segment and “we will disclose the results of this process in the fourth quarter,” says Kris Smith, interim president and CEO.

August 8, 2022, 12 AM MDT

With Independent Safety Assessment Done, Suncor Taking The Next Steps Forward, Says Interim CEO

With his “number one focus” on improving Suncor Energy Inc.’s safety and operating performance, interim president and CEO Kris Smith says he’s been “deeply engaged with the management team and our improvement plan and its execution to drive that improvement and strengthen our safety culture.”

August 8, 2022, 12 AM MDT

Suncor Produces Strong Q2 Adjusted Funds Flow, Earnings Growth

Driven by a strong business environment in both the upstream and downstream segments, Suncor Energy Inc. reported strong Q2 financial results including record adjusted funds from operations of approximately $5.3 billion while it executed planned maintenance across its asset base.

August 5, 2022, 11:30 AM MDT

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