The Refining and Marketing segment transports, sells, and refines crude oil into petroleum and chemical products. The Oil Sands segment develops and produces bitumen in northeast Alberta. Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. Article by: Amilia Stone Canadian Press – Oilsands producer Cenovus Energy Inc. is recommending investors at its annual general meeting vote against a shareholder motion requiring it to set greenhouse gas emission targets aligned with the goals of the Paris climate accord. The range between the high target price and low target price is between 13.38 and 7.87 with a mean TP of 10.85.
Due to the unprecedented public health impact of coronavirus disease 2019, also known as COVID-19, and in alignment with the recommendations of Canadian public health officials to cancel large public gatherings, Cenovus is transitioning its Shareholders Meeting to a virtual only format in order to help mitigate health and safety risks to our community, shareholders, employees and other stakeholders.
The analyst consensus points to a rating of ‘Buy’. © 2020 GlobeNewswire, Inc. All Rights Reserved. The company operates through Oil Sands, Deep Basin, and Refining and Marketing segments. While shareholders will not be able to attend the Shareholders Meeting in person, regardless of geographic location and equity ownership they will have an equal opportunity to participate at the meeting and engage with directors and management of Cenovus via the audio webcast. Full details on how to vote, change or revoke your vote, appoint a proxyholder, attend the virtual Shareholders Meeting and other general proxy matters, are available in the attached document entitled Attending and Voting at the Virtual Webcast or on cenovus.com under News releases. The Shareholders Meeting will be held at the originally scheduled date and time, on April 29, 2020 at 1:00 p.m. Mountain Time (MT), however, it will now be conducted in a format whereby registered shareholders and duly appointed proxyholders may only attend and participate in the meeting virtually via live audio webcast.
Operations include oil sands projects in northern Alberta, which use specialized methods to drill and pump the oil to the surface, and established natural gas and oil production in Alberta and British Columbia. It is committed to maximizing value by sustainably developing its assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into its business plans.
The vast majority of our shareholders vote in advance of the Shareholders Meeting by proxy using the various voting channels made available by Cenovus, all of which will remain available. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
SHARE conducts research and engages actively with companies on a number of pressing environmental, social and corporate governance (ESG) issues. Indignation at Cenovus Energy Inc.'s massive oil sands deal is boiling over.
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