|Bid||9.63 x 3100|
|Ask||9.71 x 3200|
|Day's Range||9.56 - 9.85|
|52 Week Range||6.15 - 10.82|
|Beta (5Y Monthly)||1.75|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.19 (1.96%)|
|1y Target Est||N/A|
Cenovus Energy (CVE) expects 70% of 2020 capital spending to be used for sustaining production levels, primarily at the Foster Creek and Christina Lake oil sands operations.
Investors want capital discipline, cleaner balance sheets and better management of cash flow from companies as oil prices remain volatile amid global trade tensions. Alberta, Canada's main oil-producing province, in January ordered curtailments on oil production to deal with pipeline bottlenecks that had led to a glut in crude storage and record price discounts.
As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the third quarter. We get to see hedge funds' thoughts towards the market and […]
Canadian Natural (CNQ) expects its 2020 oil and natural gas liquid production within 910-970 million barrels per day (Mbbl/d), higher than the 2019 guided range of 839-888 Mbbl/d.
While not a mind-blowing move, it is good to see that the Cenovus Energy Inc. (TSE:CVE) share price has gained 12% in...
Read about the seven biggest Canadian natural gas companies as measured by production volume and learn a little more about their recent performance.
Cenovus (CVE) delivered earnings and revenue surprises of 12.50% and -8.99%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Canadian oil producer Cenovus Energy Inc reported a quarterly profit on Thursday compared to a loss a year earlier, as it benefited from higher crude prices because of government-imposed production curbs and a tight leash on costs. Canada's main oil-producing province, Alberta, ordered curtailments on oil production this year to deal with pipeline bottlenecks that had led to a glut in crude storage and record price discounts.
Canada's main oil-producing province, Alberta, ordered curtailments on oil production this year to deal with pipeline bottlenecks that had led to a glut in crude storage and record price discounts. Cenovus, which has gained from a smaller discount on Canadian oil compared to U.S. oil, has been one of the most vocal supporters of the government intervention. The company said average realized crude sales price from its oil sands operations rose 11.3% to C$54.94 per barrel in the third quarter, helped by the smaller discount on Canadian oil and higher crude-by-rail U.S. sales.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Cenovus Energy Inc. Toronto, October 24, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Cenovus Energy Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's assessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers, which was followed by a rating committee.
Cenovus (CVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Moody's Investors Service (Moody's) changed Cenovus Energy Inc.'s (Cenovus) outlook to positive from stable. "The change in outlook reflects the significant amount of debt reduction that Cenovus has and should achieve leading to solid credit metrics", said Paresh Chari Moody's analyst.
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 […]
ExxonMobil (XOM) and Royal Dutch Shell (RDS.A) issued updates on their upcoming Q3 earnings. Meanwhile, ConocoPhillips (COP) announced a 38% dividend hike combined with a $3 billion share repurchase.
Cenovus (CVE) says that its operations, as a whole, are strong enough to generate significant fund flow that will help it lower debt burden.
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.
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.
Moody's Investors Service ("Moody's") today upgraded the senior secured rating for Borger Energy Associates, L.P. (Borger) to Ba3 from B1. Borger's rating upgrade is driven by the renewal of its Steam Sales Agreement (SSA) on favorable terms with its steam offtaker, WRB Refining LP (WRB). The SSA, which was set to expire this year, has been extended for five years to June 2024.