7.91 0.00 (0.00%)
After hours: 4:18PM EST
|Bid||7.91 x 4000|
|Ask||7.92 x 21500|
|Day's Range||7.90 - 8.35|
|52 Week Range||7.67 - 10.82|
|Beta (5Y Monthly)||1.85|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.19 (2.28%)|
|Ex-Dividend Date||Mar 11, 2020|
|1y Target Est||10.85|
Premier Permian producers Pioneer Natural Resources (PXD) and Concho Resources (CXO) not only beat Q4 expectations but also boosted their quarterly dividends.
Cenovus (CVE) delivered earnings and revenue surprises of -225.00% and -11.06%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
The company produced 467,448 barrels of oil equivalent per day (boe/d) during the quarter, an increase of 8% from a year-ago period when it had restrained production rates. Cenovus took advantage of the Alberta government's special production allowance, which permits additional oil output if it moves by rail. Reduced refining margins show the ripple effects of Alberta's drastic efforts to address the Canadian industry's struggles.
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 (CVE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Canada's main stock index rose on Wednesday, boosted by a 3% surge in energy stocks, as sentiment was lifted by reports of drug breakthroughs in treating the fast-spreading coronavirus. * The energy sector was set to post its biggest percentage gain in two months, as oil prices soared on media reports that scientists have developed a drug to treat the disease that has killed 490 people in China. * The largest percentage gainers on the TSX were MEG Energy Corp, which jumped 7.5% and Cenovus Energy, which rose 5.6%.
The commitment towards the six First Nations and Métis communities could be extended to 10 years and result in a total investment of C$100 million, the company said. Alberta this week set up Alberta Indigenous Opportunities Corp to allocate up to C$1 billion to support First Nations that back resource projects, such as oil pipelines. First Nations plays a pivotal role in Canada's oil industry because governments and companies have a legal duty to consult and accommodate them before proceeding with resource projects that affect their territories.
Canada's Cenovus Energy said on Thursday it would invest C$10 million ($7.61 million) annually for a period of five years to help build about 200 homes for indigenous communities near its oil sands operations in the province of Alberta. Alberta this week set up Alberta Indigenous Opportunities Corp to allocate up to C$1 billion to support First Nations that back resource projects, such as oil pipelines. First Nations plays a pivotal role in Canada's oil industry because governments and companies have a legal duty to consult and accommodate them before proceeding with resource projects that affect their territories.
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.
Backed by the restructuring process and a secure exit financing of more than $2.4 billion, McDermott (MDR) looks forward to come out of bankruptcy with roughly $500 million in debt.
With natural gas prices recently diving to more than three-year lows and Gulfport (GPOR) positioned as one of the most gas-weighted upstream players, the company's performance is weighed on.
Through this restructuring, Encana (ECA) will effectively exchange Ovintiv's one share of common stock for every five common shares of Encana.