Finance

Suncor and Cenovus turn around balance sheets on back of surging oil prices

Canadian players both surge into black as revenues revive, while commodity price guidance for 2021 is increased

Generating cash: Drilling operations on an oil rig at Cenovus Energy's Christina Lake field, the company's biggest production asset.
Generating cash: Drilling operations on an oil rig at Cenovus Energy's Christina Lake field, the company's biggest production asset.Photo: REUTERS/SCANPIX
London
Published 29 July 2021, 12:05Updated 29 July 2021, 17:25
Suncor EnergyCenovus Energywestern CanadaAmericasNorth America