Cenovus Energy (CVE -2.7%) slips after its Q2 EPS missed estimates this morning, as cash flow...
Wednesday, July 25, 2012, 11:17 AM ETCenovus Energy (CVE -2.7%) slips after its Q2 EPS missed estimates this morning, as cash flow fell slightly on lower commodity prices. Total oil production averaged more than 155,000 bbls/d during the quarter, a 28% increase compared with the same period a year earlier. Capital investment jumped 39% Y/Y to $660M. as the company expands development at its Narrows Lake oil sands project, which is expected to have a gross production capacity of 130,000 bbls/d once on line.
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