Cenovus provides risk management program update

Calgary, alberta, april 04, 2022 (globe newswire) -- cenovus energy inc. (tsx: cve) (nyse: cve) is announcing the suspension of its crude oil price risk management activities related to west texas intermediate (wti). given the strength of cenovus's balance sheet and liquidity position, the company has determined these programs are no longer required to support financial resilience. cenovus will remain well positioned to generate significant free funds flow over the long term. the company plans to announce on april 27, 2022 its first-quarter results, details on its plan for increasing shareholder returns and updated 2022 corporate guidance.
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