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0.00386847195357843 0.00386847195357843 0.0174081237911027 0.0135396518375242 0.00580270793036755 0.00580270793036755 0.0154738878143134 0.0174081237911027
Stock impact report

Companies weigh dividend cuts, suspensions ahead of earnings amid pandemic [Toronto Globe and Mail (Ontario, Canada)]

Cenovus Energy Inc (CVE) 
Last cenovus energy inc earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: cenovus.com/disclaimerir
Companies weigh dividend cuts, suspensions ahead of earnings amid pandemic When COVID-19 started sweeping across Canada, Cenovus Energy Inc. had to think fast to protect the company from the pandemic and a simultaneous oil price war between Saudi Arabia and Russia. The Calgary-based company slashed its capital spending budget by $150 million in early April to stabilize the business amid low crude oil prices. Then, it made another move that could be replicated by companies across the country as they head into an earnings season unlike any before: Cenovus temporarily suspended its dividend. “We are taking proactive steps to address the current business environment while continuing to focus on the safety of our people and assets and maintaining reliable performance at our operations,” Alex Pourbaix, Cenovus’s chief executive, said in a release. “It is challenging to predict the duration and depth of these unprecedented low commodity prices.” Such decisions around dividends — a fluctuatin Show less Read more
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