The Cenovus Christina Lake oil sands facility southeast of Fort McMurray, Alta. In the most recent quarter, the company produced 832,900 barrels of oil equivalent a day, up from 771,300 a year earlier.

Cenovus Energy Inc. CVE-T is under no pressure to sell assets once it completes its $8.6-billion takeover of fellow oil sands producer MEG Energy Corp. MEG-T , its chief executive officer said on Friday after the company reported big gains in quarterly profit and production.

Cenovus sealed its acquisition of MEG early this week after a lengthy bidding war against Strathcona Resources Ltd., a deal that is expected to boost its oil sands output by more than 15 per cent.

Jon McKenzie, Cenovus’s CEO, said the Calgary-based company will maintain its financial wherewithal after the cash-a

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