Cenovus plans to grow free funds flow 14% a year through 2021

Company targets $4 billion to $5 billion in asset sale agreements by year end Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) today put forward a five-year plan that the company expects will generate 14% annualized free funds flow growth through 2021 at a West Texas Intermediate (WTI) price of US$55 per barrel (bbl) while increasing production at […]

Government of Canada approves 40-year export licence for Woodfibre LNG project

Woodfibre LNG Limited announced today that the Government of Canada has approved a 40-year export licence for the Woodfibre LNG Project in Squamish, British Columbia. “We know there is tremendous demand for natural gas, especially in the fast-growing countries of Asia. The approval of Woodfibre LNG’s 40-year export licence provides certainty for investors while creating […]

B.C. workers first in line for jobs: Province secures environmental benefits in agreement with Trans Mountain

The provincial government and Trans Mountain announced a final benefits agreement today that will see B.C. workers having priority for construction jobs resulting from Kinder Morgan’s Trans Mountain pipeline project. The agreement also provides up to $1 billion for the Province for projects that protect the environment and benefit communities. The initial benefits agreement was […]