Cenovus,a Canadian integrated oil company,believes it is a green firm.They produce 60,000 barrels a day of oil from the oil sands of Alberta and Saskatchewan-but with a difference.Cenovus uses steam from brackish water for separating the oil from the sand.What is more,they recycle almost 100% of the water they use.It is a low impact oil sands operation,in their estimation.
The company says it has tremendous assets for boosting oil sands production.Given the problems with deep water drilling,they may well need to do so.It is listed on NYSE/Euronext,and was spun off from Encana,an unconventional natural gas company.
Cenovus(CVE),Encana(ECA)
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