Cenovus Energy (CVE) Misses Q1 EPS by 95c

Cenovus Energy (NYSE: CVE) reported Q1 EPS of ($0.97), $0.95 worse than the analyst estimate of ($0.02).

“The strength of our balance sheet, the quality of our long-life oil sands reserves and the flexibility of our business to respond quickly to the changing external environment have positioned us well to withstand an extended period of low oil prices,” said Alex Pourbaix, Cenovus President & Chief Executive Officer. “When global economic conditions improve, we’ll be ready to contribute to Canada’s economic recovery in a meaningful way.”

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

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