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Cenovus Energy (CVE) Misses Q3 EPS by 35c

October 29, 2020 6:20 AM EDT

Cenovus Energy (NYSE: CVE) reported Q3 EPS of ($0.37), $0.35 worse than the analyst estimate of ($0.02).

The third quarter clearly demonstrated the strength and reliability of our operations and our ability to effectively manage production and sales by storing barrels when prices declined and then capitalizing on a price recovery to optimize returns, said Alex Pourbaix, Cenovus President & Chief Executive Officer. We continue to... More