Net loss was C$267 million (US$202.7 million) in the second quarter compared with a net income of C$126 million in the same period of last year, primarily due to a decline in operating earnings and the significant decline in crude oil and natural gas prices, Cenovus said.
Capital investment in the quarter dropped to C$236 million from C$357 million. For the rest of the year, Cenovus is planning a capex of between C$740 million and C$855 million, a decline compared to the earlier guidance of between C$865 million and C$970 million.
Overall,
