(Reuters) Cenovus Energy Inc will do more hedging after its acquisition of ConocoPhillips assets, the Canadian company’s Chief Executive Brian Ferguson said on Tuesday as he mounted a charm offensive on investors who balked at the deal.
Ferguson is known as a low-key and conservative chief executive in the western Canadian oil patch, and his C$17.7-billion ($13.3-billion) bid last month for the assets of ConocoPhillips, the latest international player to exit the country, had confounded investors and analysts.
