Cenovus Energy (CVE) Reports Q3 EPS of $2.16

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Go back to Cenovus Energy (CVE) Reports Q3 EPS of $2.16

Expected 2015 cost savings increase to $400 million

October 29, 2015 6:00 AM EDT

Third-quarter oil sands production up 17%

CALGARY, Oct. 29, 2015 /PRNewswire/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continues to make significant progress in reducing its costs while delivering strong operational performance and oil sands production growth. The company is benefiting from the decisive steps taken over the past year to increase its financial resilience in the face of what is expected to be a prolonged period of lower oil prices.

"We're delivering on the commitments we made at the outset of 2015 to improve Cenovus's... More