Cenovus Energy (CVE) Reports Q2 Loss of $0.33

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Go back to Cenovus Energy (CVE) Reports Q2 Loss of $0.33

Cenovus delivers strong second quarter

July 26, 2018 6:00 AM EDT

CALGARY, Alberta, July 26, 2018 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) achieved record production and delivered solid financial performance in the second quarter of 2018. The company had adjusted funds flow of $774 million, even after a realized risk management loss of $697 million, and generated free funds flow of $482 million. Cenovus ramped up its oil sands operations in the second quarter and achieved record high production volumes and record low per-barrel oil sands operating costs after using the dynamic storage capability of its reservoirs to strategically... More