|Bid||44.76 x 1300|
|Ask||44.77 x 1600|
|Day's Range||44.47 - 45.31|
|52 Week Range||38.80 - 53.17|
|PE Ratio (TTM)||-35.55|
|Dividend & Yield||1.06 (2.37%)|
|1y Target Est||N/A|
The sensors are leading Big Oil's mining of so-called big data, with some firms envisioning billions of dollars in savings over time by avoiding outages, managing supplies and identifying safety hazards. The industry has long used sophisticated technologies to find oil and gas.
These two top oil and gas companies are weathering some worrying industry trends. Which one is a better buy for investors right now?
Cenovus Energy Inc's efforts to sell C$5 billion ($3.8 billion) of energy assets, already facing a rocky road because weak oil prices are depressing the appetite for deals, has become complicated by the surprise departure of its chief executive officer, fund managers said. Brian Ferguson's announcement on Tuesday that he will step down as CEO in October is the latest sign of tumult within Canada's oil sands industry, which has seen international oil majors dump $22.5 billion in assets this year alone. It follows Cenovus' unpopular, debt-fueled $13.3 billion purchase of ConocoPhillips' oil sands and natural gas assets in March, which sparked a near 50 percent fall in Cenovus shares.