Cenovus Energy (CVE) Misses Q4 EPS by 56c
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Cenovus finishes 2015 with strong balance sheet
February 11, 2016 6:01 AM ESTAdditional budget reductions planned to preserve financial resilience
CALGARY, Feb. 11, 2016 /PRNewswire/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) achieved significant sustainable cost savings across its business in 2015 and further strengthened what is now one of the best balance sheets in the North American exploration and production sector. The company is planning additional measures in 2016 to help it remain financially resilient through another year of expected low crude oil and natural gas prices. These measures include reducing 2016 capital, operating and general and administrative (G&A) spending by... More
