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TheStreet Open House

Cenovus Energy Management Discusses Q2 2012 Results - Earnings Call Transcript

Cenovus Energy (CVE)

Q2 2012 Earnings Call

July 25, 2012 11:00 am ET

Executives

Susan Grey - Former Manager Of Investor Relations

Brian C. Ferguson - Chief Executive Officer, President and Non-independent Director

John K. Brannan - Chief Operating Officer and Executive Vice-President

Ivor Melvin Ruste - Chief Financial Officer and Executive Vice President

Harbir S. Chhina - Executive Vice-President of Oil Sands

Donald T. Swystun - Executive Vice President of Refining, Marketing, Transportation and Development

Analysts

Greg M. Pardy - RBC Capital Markets, LLC, Research Division

George Toriola - UBS Investment Bank, Research Division

Jeffrey Jones

Dan Healing

Presentation

Operator

Good day, ladies and gentlemen, and thank you for standing by. Welcome to Cenovus Energy's Second Quarter 2012 Financial and Operating Results. As a reminder, today's call is being recorded. [Operator Instructions] Please be advised that this conference call may not be recorded or rebroadcast without the expressed consent of Cenovus Energy.

I would now like to turn the conference call over to Susan Grey, Director of Investor Relations. Please go ahead, Ms. Grey.

Susan Grey

Thank you, operator, and welcome, everyone, to our second quarter 2012 results conference call. I would like to refer you to the advisories located at the end of today's news release. In particular, I draw your attention to the risk factors and assumptions. Additional information is available in our annual information form and quarterly report. Today's quarterly results have been presented in Canadian dollars and on a before-royalties basis.

Brian Ferguson, President and Chief Executive Officer, will begin with an overview of our results. John Brannan, Executive Vice President and Chief Operating Officer, will then discuss our operating performance; and Ivor Ruste, Executive Vice President and Chief Financial Officer, will discuss our financial performance. Brian will provide closing comments before we begin the Q&A portion of the call. Please go ahead, Brian.

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