CVE.TO - Cenovus Energy Inc.

Toronto - Toronto Delayed Price. Currency in CAD
11.43
+0.16 (+1.42%)
At close: 4:00PM EDT
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Previous Close11.27
Open11.24
Bid11.43 x 0
Ask11.44 x 0
Day's Range11.19 - 11.53
52 Week Range8.74 - 14.31
Volume1,558,021
Avg. Volume3,160,177
Market Cap14.045B
Beta (3Y Monthly)2.19
PE Ratio (TTM)47.23
EPS (TTM)0.24
Earnings DateOct 31, 2019
Forward Dividend & Yield0.25 (2.22%)
Ex-Dividend Date2019-09-12
1y Target Est15.05
  • Calculating The Fair Value Of Cenovus Energy Inc. (TSE:CVE)
    Simply Wall St.

    Calculating The Fair Value Of Cenovus Energy Inc. (TSE:CVE)

    Does the October share price for Cenovus Energy Inc. (TSE:CVE) reflect what it's really worth? Today, we will estimate...

  • Is Cenovus Energy Inc (CVE) A Good Stock To Buy?
    Insider Monkey

    Is Cenovus Energy Inc (CVE) A Good Stock To Buy?

    While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the second quarter and hedging or reducing many of […]

  • Reuters

    Oil producer Cenovus cuts full-year spending forecast, raises dividend

    Investors have generally punished companies that increased spending on drilling instead of returning cash to shareholders. "In this business balance sheet strength is absolutely imperative," Cenovus CEO Alex Pourbaix said at the company's investor day in Toronto, adding the focus would be on generating substantial free funds flow and increasing returns to shareholders. Cenovus, whose 2019 capital expenditure forecast was already below last year's spending, said its five-year plan will focus on growing its cumulative free funds flow to C$11 billion, while increasing production by 2% to 3% yearly to reach 550,000 barrels of oil equivalent (BOE) per day by the end of 2024.

  • Reuters

    UPDATE 1-Cenovus cuts full-year spending forecast, boosts dividend

    Oil and gas producer Cenovus Energy Inc on Wednesday lowered its spending forecast for the year and said will raise its quarterly dividend, as it focuses on giving more money back to shareholders. Oil and gas companies have been pressed hard by investors to scale back spending and show more returns, clean up their balance sheets and boost cash flow as oil prices remain volatile with ongoing global trade uncertainties. Cenovus said its five-year plan will focus on growing its cumulative free funds flow to C$11 billion, while increasing production by 2% to 3% per year.

  • GlobeNewswire

    Cenovus positioned for $11 billion of cumulative free funds flow through 2024

    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).

  • GlobeNewswire

    Cenovus to webcast Investor Day 2019

    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.

  • Interested In Cenovus Energy Inc. (TSE:CVE)’s Upcoming 0.4% Dividend? You Have 4 Days Left
    Simply Wall St.

    Interested In Cenovus Energy Inc. (TSE:CVE)’s Upcoming 0.4% Dividend? You Have 4 Days Left

    Cenovus Energy Inc. (TSE:CVE) is about to trade ex-dividend in the next 4 days. Ex-dividend means that investors that...

  • Thomson Reuters StreetEvents

    Edited Transcript of CVE.TO earnings conference call or presentation 25-Jul-19 3:00pm GMT

    Q2 2019 Cenovus Energy Inc Earnings Call

  • Cenovus Energy (CVE) Q2 2019 Earnings Call Transcript
    Motley Fool

    Cenovus Energy (CVE) Q2 2019 Earnings Call Transcript

    CVE earnings call for the period ending June 30, 2019.

  • GlobeNewswire

    Cenovus substantially achieves $7 billion near-term net debt target

    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.

  • GlobeNewswire

    Cenovus releases 2018 environmental, social & governance report

    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.

  • GlobeNewswire

    Cenovus to hold conference call and webcast on second-quarter 2019 results

    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.

  • GlobeNewswire

    Cenovus achieves landmark business milestone

    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.

  • Does It Make Sense To Buy Cenovus Energy Inc. (TSE:CVE) For Its Yield?
    Simply Wall St.

    Does It Make Sense To Buy Cenovus Energy Inc. (TSE:CVE) For Its Yield?

    Dividend paying stocks like Cenovus Energy Inc. (TSE:CVE) tend to be popular with investors, and for good reason...

  • GlobeNewswire

    Cenovus announces pricing for cash tender offers

    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”).

  • GlobeNewswire

    Cenovus announces results of cash tender offers

    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.

  • Hedge Funds Have Never Been More Bullish On Cenovus Energy Inc (CVE)
    Insider Monkey

    Hedge Funds Have Never Been More Bullish On Cenovus Energy Inc (CVE)

    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 […]

  • GlobeNewswire

    Cenovus announces cash tender offers for certain outstanding notes

    Cenovus Energy Inc. (CVE.TO) (CVE) announced today that it has commenced cash tender offers (the “Tender Offers”) for up to US$500 million aggregate principal amount (the “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 are being made 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”). The Tender Offers are open to all registered holders (individually, a “Holder” and collectively, the “Holders”) of the Notes.

  • Reuters

    Canadian Senate committee passes 187 amendments to energy project bill

    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.