Market Impact: Probably negative, given that once again Management did not anticipate production issues at Foster Creek. The dividend cut is significant but not totally unexpected, and in this market it may be a good thing for the stock.
11 Feb 2016
4Q15 RESULTS - CAPEX BUDGET & DIVIDEND REDUCED
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4Q15 RESULTS - CAPEX BUDGET & DIVIDEND REDUCED
Cenovus Energy Inc. (CVE:TSE) | 0 0 (-5.3%) | Mkt Cap: 11,501m
- Published:
11 Feb 2016 -
Author:
Michael P. Dunn -
Pages:
6
Market Impact: Probably negative, given that once again Management did not anticipate production issues at Foster Creek. The dividend cut is significant but not totally unexpected, and in this market it may be a good thing for the stock.