Cenovus Energy (CVE) Tops Q1 EPS by 11c
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Cenovus delivers $1 billion of adjusted funds flow in Q1
April 24, 2019 6:00 AM EDTCALGARY, Alberta, April 24, 2019 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered strong operating and financial performance in the first quarter of 2019, generating more than $1 billion of adjusted funds flow, $731 million of free funds flow and cash from operating activities of $436 million. The companys excellent financial results were driven by strong operating performance, a significant narrowing of light-heavy oil price differentials in early 2019 and Cenovuss low-cost structure and continued commitment to capital discipline. Over the first four months of this year, the company further reduced its... More
