Cenovus said on Thursday it still sees a target of $4-billion to $5-billion in asset sales in 2017.
The net loss narrowed to $69-million, or 6 cents per share, in the quarter ended Sept 30 from a loss of $251-million, or 30 cents per share, a year earlier.
The loss includes a charge of $440-million for the sale of its Pelican Lake assets.
Excluding items, the producer earned 28 cents per share, beating analysts’ estimate of 14 cents per share, according to Thomson Reuters I/B/E/S.