Thread regarding Cenovus Energy layoffs

Selling Assets

Is Cenovus selling the Deep Basin assets that they purchased from ConocoPhillips? Are you getting ready to drill in Q4 and Q1?

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CVE Deep Basin plans to drill about 50 wells from now until the end of Q1 2018. They'll also likely be selling some of their Deep Basin midstream assets as they can be quickly monetized. They may also sell some royalty interest in the Deep Basin to shore up their weak balance sheet.

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