Cenovus Energy (CVE) Misses Q2 EPS by 32c

Cenovus Energy (NYSE: CVE) reported Q2 EPS of ($0.34), $0.32 worse than the analyst estimate of ($0.02).

“We view the second quarter as a period of transition, with April as the low point of the downturn and the first signs of recovery taking hold in May and June,” said Alex Pourbaix, Cenovus President & Chief Executive Officer. “That said, we expect the commodity price environment to remain volatile for some time. We believe the flexibility of our assets and our low cost structure position us to withstand a continued period of low prices if necessary. And we’re ready to play a significant role in helping to lead Canada’s economic recovery.”

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

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