Cenovus Energy (CVE) Tops Q4 EPS by 11c
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Cenovus delivers strong 2019 financial and operating performance
February 12, 2020 6:00 AM ESTCALGARY, Alberta, Feb. 12, 2020 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continued to gain momentum in 2019, generating free funds flow of $361 million in the fourth quarter and approximately $2.5 billion for the year, reducing net debt by 22% year-over-year and completing construction on its Christina Lake phase G oil sands expansion in March. In the fourth quarter of 2019, Cenovus increased its dividend by 25% and reached full ramp-up of its crude-by-rail shipping capacity.
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