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Cenovus Energy

Norway's massive sovereign wealth fund has significant influence on investors.
Canada's oil industry insists things will pick up. Not everyone agrees.
Cenovus Energy will buy ConocoPhillips' oilsands assets for $17.7 billion.
Paid time off is being reduced or eliminated "almost across the board.''
"This is clean energy on a massive scale."
"And as much as I would like to be able to inject some mechanism of ameliorating the price of oil, it's quite frankly something that's beyond the capacity of this government."
The Calgary-based oil producer and refiner said it has reduced its workforce by 700 people for the second half of the year.
"I wouldn't use the word disappointing because a lot of analysts are already expecting the worst."
The panel received close to 500 submissions.
Cenovus laid off 540 employees last week.