Cenovus Resumes Full Production at Christina Lake

Cenovus Energy Inc. (NYSE:CVE) is one of the 12 Best Natural Gas Stocks to Buy According to Analysts.

Cenovus Energy Inc. (NYSE:CVE) recently revealed that it has now safely restored production at its Christina Lake oil sands asset following wildfire activity in the area. The company restarted operations on June 3 and successfully ramped up production over the following week.

Cenovus confirmed that there was no damage to the site’s infrastructure and that all workers were safely evacuated and accounted for, with no reported injuries. 100% owned by Cenovus, Christina Lake had a production of 238,000 barrels per day in the first quarter of 2025.

Earlier this month, Cenovus Energy Inc. (NYSE:CVE) announced that it would exercise its right to redeem the company’s 3.935% Series 7 preferred shares on June 30, 2025, at a price of $25 per share, totaling $150 million. Moreover, Cenovus will distribute a final quarterly dividend of $0.24594 per share on the same date, marking the final dividend payment for these preferred shares.

Cenovus Energy Inc. (NYSE:CVE) is an integrated oil and natural gas company, based in Calgary, Alberta, with operations that span Canada, the United States, and the Asia Pacific region.

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