Canada's Cenovus says would consider refinery acquisitions

By Nia Williams

CALGARY, Alberta (Reuters) – Canadian oil and gas producer Cenovus Energy Inc CVE.TO said on Thursday it would consider refinery acquisitions in areas including the U.S. Gulf coast region provided the opportunity offered good value and was easily accessible for Canadian crude.

Chief Executive Brian Ferguson, speaking on a third-quarter earnings call, said integrating Cenovus’s oil production in western Canada with its downstream business was core.

“It’s very consistent with strategy and really revolves around how do we improve the margin on every barrel that we can produce,” he said. “There would be a whole …
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