Cenovus Energy (CVE) Misses Q4 EPS by 10c
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Cenovus reports 2020 fourth-quarter and full-year results
February 9, 2021 6:01 AM ESTCALGARY, Alberta, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) responded to extreme oil price volatility in 2020 by quickly reducing capital spending as well as strategically managing oil sands production and purchasing curtailment credits to achieve increased output when prices were more favourable. The company generated positive free funds flow in the fourth quarter, partially offsetting the impact of low oil prices on its full-year results. Cenovuss planned combination with Husky Energy, announced in the fourth quarter,... More
