|Bid||12.11 x 0|
|Ask||12.12 x 0|
|Day's Range||12.10 - 12.32|
|52 Week Range||9.62 - 14.31|
|Beta (5Y Monthly)||1.75|
|PE Ratio (TTM)||20.70|
|Earnings Date||Oct 30, 2019|
|Forward Dividend & Yield||0.25 (2.04%)|
|Ex-Dividend Date||Dec 10, 2019|
|1y Target Est||15.19|
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
The Alberta-based integrated oil and gas company said it will spend an additional C$1.5 billion on businesses run by the country's indigenous communities. Opposition from environmental and indigenous groups have stalled new pipeline projects in Canada and the United States that are needed to move Canadian crude to refineries. Prime Minister Justin Trudeau, who won a re-election in October last year, promised Canada would achieve net-zero carbon emissions by 2050.
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.
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.
CALGARY, Alberta, Dec. 10, 2019 -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) remains committed to delivering increasing shareholder value through cost leadership, capital.
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 […]
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.
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.
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.
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 […]
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.
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. (TSE:CVE) is about to trade ex-dividend in the next 4 days. Ex-dividend means that investors that...