|Bid||11.40 x 0|
|Ask||11.41 x 0|
|Day's Range||11.34 - 11.58|
|52 Week Range||8.74 - 14.26|
|Beta (3Y Monthly)||2.17|
|PE Ratio (TTM)||47.15|
|Forward Dividend & Yield||0.20 (1.83%)|
|1y Target Est||N/A|
Dividend paying stocks like Cenovus Energy Inc. (TSE:CVE) tend to be popular with investors, and for good reason...
How do we determine whether Cenovus Energy Inc (NYSE:CVE) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data shows […]
A Canadian Senate committee has passed 187 amendments to an energy bill proposed by the Liberal government that would change how major projects like oil export pipelines are assessed. The unusually high number of amendments, approved late Thursday, was welcomed by oil companies and the premier of Canada's main crude-producing province, Alberta. Bill C-69 will now go back to the Senate, which will vote on the amendments, and then to the House of Commons for final approval, where the government can accept, reject or further amend the legislation.
Generally speaking long term investing is the way to go. But no-one is immune from buying too high. For example the...
CALGARY, Alberta/WINNIPEG, Manitoba (Reuters) - Canadian oil producers are raking in the highest revenues in five years thanks to strong global oil prices and Alberta's production cuts, but government intervention has hamstrung their spending abilities, encouraging many to buy back shares and pay down debt. Canada's main crude-producing province effectively became a mini-OPEC this year after the Alberta government imposed production quotas to relieve pipeline congestion and drain a glut of crude in storage. The oil patch's caution has contributed to a slow pace of deal-making, despite plenty of assets being up for sale.
Canada's Cenovus Energy on Wednesday swung to a quarterly net profit following government-ordered oil production cuts that resulted in a dramatic improvement in Canadian crude oil prices. The government of Canada's main oil-producing province Alberta ordered producers to cut output by 325,000 barrels per day (bpd), effective Jan. 1, 2019, to deal with a pipeline bottleneck that led to a glut of crude in storage and deep price discounts. "These results emphasize the true potential of our company," said Cenovus chief executive Alex Pourbaix.
The Calgary, Alberta-based company said it had profit of 7 cents per share. Earnings, adjusted for non-recurring gains, came to 5 cents per share. The results fell short of Wall Street expectations. The ...
Futures for Canada's main stock index inched lower on Wednesday, ahead of Bank of Canada's interest rate decision and amid a drop in oil prices and global equities. June futures on the S&P/TSX index were ...
Cenovus Energy reported a first-quarter profit on Wednesday, compared with a year-ago loss, as it benefited from higher Canadian crude prices. Earlier this year, Alberta's government called for temporary oil production cuts in the province to boost sagging prices of Canadian crude due to pipeline bottlenecks that led to an oversupply. Cenovus is the first of Canada's major crude producers to report results for the quarter, a period in which mandatory curtailments by the Alberta provincial government took effect.
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The fourth quarter of 2018 is one of those periods, as the Russell […]
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The Alberta government and oil transportation companies are pressing ahead with plans to move 120,000 barrels per day of crude by rail, ignoring threats to quash the deals from the man tipped to become the province's next premier. Latest polls show United Conservative Party leader Jason Kenney is on track to oust the New Democratic Party government in the April 16 election. If successful, Kenney has vowed to rip up contracts signed as part of the NDP government's C$3.7 billion plan to ship more crude out of the province by rail.
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