Cenovus Energy (CVE) Misses Q4 EPS by 10c

Cenovus Energy (NYSE: CVE) reported Q4 EPS of ($0.12), $0.10 worse than the analyst estimate of ($0.02).

“In a year of unprecedented challenges for our industry, we demonstrated the flexibility, strength and reliability of our operations by adapting our capital and operating plans, including leveraging the dynamic storage capabilities of our oil sands reservoirs, transportation optionality and marketing activities to help preserve liquidity,” said Alex Pourbaix, Cenovus President & Chief Executive Officer. “We believe our compelling combination with Husky will provide even greater ability to reduce free funds flow volatility and accelerate debt reduction and returns to shareholders.”

For earnings history and earnings-related data on Cenovus Energy (CVE) click here.

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