SAP technology sets Cenovus apart from peers.
Effective April 5, Husky Energy CFO Jon McKenzie has resigned and joined Cenovus Energy in the same role. McKenzie has a strong background in finance within the oil and gas industry, with senior-level finance and operations roles at Suncor and Irving Oil before becoming CFO at Husky.We think this is a good move for Cenovus, as its balance sheet currently stands as the worst in class among oil sands peers. Alternatively, Husky’s balance sheet is best in class, with net debt/EBITDA below 1 times....
Cenovus Energy is in the business of development, production and marketing of crude oil, natural gas and natural gas liquids ("NGLs") in Canada with refining operations in the U.S. Co. operates in two business segments: Upstream, which includes Co.'s development and production of crude oil, NGLs in Canada, is organized into two operations: Oil sands and conventional; and Refining and Marketing, which is focused on the refining of crude oil products into petroleum and chemical products at two refineries located in the U.S. This segment also markets Co.'s crude oil and natural gas, as well as third-party purchases and sales of product.
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