Cenovus Energy (CVE) Misses Q4 EPS by 56c

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Go back to Cenovus Energy (CVE) Misses Q4 EPS by 56c

Cenovus finishes 2015 with strong balance sheet

February 11, 2016 6:01 AM EST

Additional 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