|Bid||7.04 x 0|
|Ask||7.05 x 0|
|Day's Range||6.85 - 7.13|
|52 Week Range||2.06 - 14.31|
|Beta (5Y Monthly)||1.85|
|PE Ratio (TTM)||12.05|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 12, 2020|
|1y Target Est||N/A|
CALGARY, Alberta, April 29, 2020 -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced that at its annual meeting of shareholders held on April 29, 2020, each of the 11.
Cenovus Energy Inc. (CVE.TO) (CVE.TO) continued to deliver safe and reliable operations in the first quarter of 2020 while demonstrating its ability to take swift and decisive steps to enhance its financial resilience and protect its balance sheet in the face of the global macro-economic challenges caused by the COVID-19 pandemic. “The strength of our balance sheet, the quality of our long-life oil sands reserves and the flexibility of our business to respond quickly to the changing external environment have positioned us well to withstand an extended period of low oil prices,” said Alex Pourbaix, Cenovus President & Chief Executive Officer.
Cenovus Energy Inc. (CVE.TO) (CVE.TO) will release its first-quarter results on Wednesday, April 29, 2020. Financial statements will be available on Cenovus’s website, cenovus.com. A conference call and webcast to discuss the results will be held for the investment community at 9 a.m. MT (11 a.m. ET).
Cenovus Energy Inc. (CVE.TO) (CVE.TO) is implementing additional measures to enhance its financial resilience in response to the low global oil price environment that is expected to continue for an unknown period. Cenovus has decided to reduce its planned 2020 capital spending by an additional $150 million which, combined with the $450 million reduction announced March 9, 2020, is a $600 million decrease from the budget released in December. The company is also forecasting operating cost reductions of about $100 million and general and administrative (G&A) cost reductions of about $50 million compared with the initial December budget.
Cenovus Energy Inc. (CVE.TO) (CVE.TO) announced today that its upcoming Annual Meeting of Shareholders (Shareholders Meeting) will now be held in a virtual only format. The Shareholders Meeting will be held at the originally scheduled date and time, on April 29, 2020 at 1:00 p.m. Mountain Time (MT), however, it will now be conducted in a format whereby registered shareholders and duly appointed proxyholders may only attend and participate in the meeting virtually via live audio webcast. The timing and process for voting by proxy remains unchanged; shareholders are reminded that completed proxy forms must be received no later than 1:00 p.m. MT on April 27, 2020.
Cenovus Energy Inc. (CVE.TO) (CVE.TO) is reducing its 2020 capital spending by approximately 32% in order to maintain the strength of its balance sheet. The company continues to work toward funding its revised capital program and current dividend within cash flow in this challenging commodity price environment.
Cenovus Energy Inc. (CVE.TO) (CVE.TO) continued to gain momentum in 2019, generating free funds flow of $361 million in the fourth quarter and approximately $2.5 billion for the year, reducing net debt by 22% year-over-year and completing construction on its Christina Lake phase G oil sands expansion in March. In the fourth quarter of 2019, Cenovus increased its dividend by 25% and reached full ramp-up of its crude-by-rail shipping capacity.
CALGARY, Alberta, Feb. 05, 2020 -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its fourth-quarter and year-end 2019 results on Wednesday, February 12, 2020. The.
Cenovus Energy Inc. (CVE.TO) (CVE.TO) today launched a major initiative aimed at addressing one of the most pressing issues facing Indigenous communities in Canada – the lack of adequate housing that is forcing many families to live in overcrowded and unsafe conditions. Cenovus is committing $10 million per year for five years to build much-needed new homes in six First Nations and Métis communities closest to its oil sands operations in northern Alberta, with the potential to extend the project to 10 years. The company sees this initiative as an important way to contribute to reconciliation with Indigenous peoples.
Cenovus Energy Inc. (CVE.TO) (CVE.TO) is establishing ambitious environmental, social and governance (ESG) targets to guide performance in its four ESG focus areas: climate & greenhouse gas (GHG) emissions, Indigenous engagement, land & wildlife, and water stewardship. Leading safety practices, strong governance and ongoing innovation remain foundational to Cenovus. The ESG targets are part of Cenovus’s focus on maintaining a low cost structure, growing free funds flow and shareholder returns, and continuing to strengthen its balance sheet as it implements the five-year business plan that was communicated at Investor Day in October.
CALGARY, Alberta, Dec. 10, 2019 -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) remains committed to delivering increasing shareholder value through cost leadership, capital.
Cenovus Energy Inc. (CVE.TO) (CVE.TO) continued to deliver on its commitments to shareholders in the third quarter of 2019. Building on its excellent performance in the first half of 2019, Cenovus continued to benefit from its low cost structure and ongoing focus on capital discipline as well as from further progress in improving its market access position.
CALGARY, Alberta, Oct. 24, 2019 -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its third-quarter 2019 results on Thursday, October 31, 2019. The news release will.
Cenovus Energy Inc. (CVE.TO) (CVE.TO) today announced its updated corporate strategy and five-year business plan. Building on the company’s excellent financial performance in the first half of 2019, Cenovus’s strategy through 2024 will focus on sustainably growing shareholder returns and further reducing net debt. The five-year business plan allows for disciplined production growth at Cenovus’s best-in-class oil sands assets, subject to improved market access, and provides potential for cumulative free funds flow of approximately $11 billion at mid-cycle West Texas Intermediate (WTI) prices averaging between US$57 and US$60 per barrel (bbl).
CALGARY, Alberta, Sept. 25, 2019 -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will hold its 2019 Investor Day in Toronto on Wednesday, October 2, 2019 with presentations.
Cenovus Energy Inc. (CVE.TO) (CVE) reduced net debt to $7.1 billion in the second quarter after generating over $830 million in free funds flow. The company’s excellent financial performance was driven by higher realized oil prices, which contributed to oil sands operating margin of more than $1.0 billion. “Through focused operations and disciplined capital allocation, we have materially improved our balance sheet and achieved a very important milestone,” said Alex Pourbaix, Cenovus President & Chief Executive Officer.
CALGARY, Alberta, July 23, 2019 -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has published its 2018 environmental, social & governance (ESG) report detailing the company's.
CALGARY, Alberta, July 18, 2019 -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its second-quarter results on Thursday, July 25, 2019. The news release will provide.
Cenovus Energy Inc. (CVE.TO) (CVE) announced today that on July 10, 2019 the company reached one billion barrels of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. Cenovus is the first company to produce one billion barrels of oil using steam-assisted gravity drainage (SAGD) technology. Foster Creek began producing oil as a pilot under a predecessor company in 1997 and in 2001 became the first commercial oil sands project to use SAGD, while Christina Lake began producing oil in 2002.
Cenovus Energy Inc. (CVE.TO) (CVE) has determined the pricing for the previously announced cash tender offers (the “Tender Offers”) for up to US$748,009,000 aggregate principal amount (the “Revised Maximum Amount”) of its 4.450% Notes due 2042, 5.200% Notes due 2043, 3.000% Notes due 2022, 4.250% Notes due 2027, 5.250% Notes due 2037, 5.400% Notes due 2047 and 3.800% Notes due 2023 (collectively, the “Notes”). The Tender Offers were made to all registered holders (individually, a “Holder” and collectively, the “Holders”) of the Notes upon the terms and subject to the conditions set forth in the Offer to Purchase dated June 4, 2019 (as amended or supplemented from time to time, the “Offer to Purchase”) and related Letter of Transmittal (the “Letter of Transmittal” and, together with the Offer to Purchase, the “Offer Documents”).
Cenovus Energy Inc. (CVE.TO) (CVE) intends to repurchase US$748,009,000 aggregate principal amount (the “Revised Maximum Amount”) of its debt as the result of successful cash tender offers (the “Tender Offers”) for certain of its outstanding Notes (as defined below) announced on June 4, 2019. The Tender Offers, originally for up to US$500,000,000 aggregate principal amount (the “Maximum Amount”) of Cenovus’s 4.450% Notes due 2042, 5.200% Notes due 2043, 3.000% Notes due 2022, 4.250% Notes due 2027, 5.250% Notes due 2037, 5.400% Notes due 2047 and 3.800% Notes due 2023 (collectively, the “Notes”) were fully subscribed, and the company has exercised its right to increase the overall principal amount of the repurchase to US$748,009,000.