CVE.TO - Cenovus Energy Inc.

Toronto - Toronto Delayed Price. Currency in CAD
12.11
-0.15 (-1.22%)
At close: 4:15PM EST
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Previous Close12.26
Open12.32
Bid12.11 x 0
Ask12.12 x 0
Day's Range12.10 - 12.32
52 Week Range9.62 - 14.31
Volume2,051,426
Avg. Volume3,025,372
Market Cap14.881B
Beta (5Y Monthly)1.75
PE Ratio (TTM)20.70
EPS (TTM)0.58
Earnings DateOct 30, 2019
Forward Dividend & Yield0.25 (2.04%)
Ex-Dividend DateDec 10, 2019
1y Target Est15.19
  • How Did Cenovus Energy Inc (CVE) Compare Against Hedge Fund Darlings in 2019?
    Insider Monkey

    How Did Cenovus Energy Inc (CVE) Compare Against Hedge Fund Darlings in 2019?

    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 […]

  • Reuters

    Canada's Cenovus Energy aims for 30% cut in emission intensity by 2030

    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.

  • GlobeNewswire

    Cenovus sets bold sustainability targets

    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.

  • Is Cenovus Energy Inc. (TSE:CVE) A Great Dividend Stock?
    Simply Wall St.

    Is Cenovus Energy Inc. (TSE:CVE) A Great Dividend Stock?

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

  • CNW Group

    Quarterly S&P/TSX Composite Index Review - December 2019

    Quarterly S&P/TSX Composite Index Review - December 2019

  • Oil producer Cenovus raises 2020 budget as Alberta curtailments eased
    Reuters

    Oil producer Cenovus raises 2020 budget as Alberta curtailments eased

    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.

  • GlobeNewswire

    Cenovus’s 2020 budget maintains focus on cost leadership, capital discipline

    CALGARY, Alberta, Dec. 10, 2019 -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) remains committed to delivering increasing shareholder value through cost leadership, capital.

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

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

    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 […]

  • If You Had Bought Cenovus Energy (TSE:CVE) Stock Five Years Ago, You'd Be Sitting On A 56% Loss, Today
    Simply Wall St.

    If You Had Bought Cenovus Energy (TSE:CVE) Stock Five Years Ago, You'd Be Sitting On A 56% Loss, Today

    While not a mind-blowing move, it is good to see that the Cenovus Energy Inc. (TSE:CVE) share price has gained 12% in...

  • Thomson Reuters StreetEvents

    Edited Transcript of CVE.TO earnings conference call or presentation 31-Oct-19 3:00pm GMT

    Q3 2019 Cenovus Energy Inc Earnings Call

  • The 7 Biggest Canadian Natural Gas Companies (CNQ, HSE.TO)
    Investopedia

    The 7 Biggest Canadian Natural Gas Companies (CNQ, HSE.TO)

    Read about the seven biggest Canadian natural gas companies as measured by production volume and learn a little more about their recent performance.

  • Reuters

    UPDATE 1-Canada's Cenovus Energy reports quarterly profit on higher crude prices

    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.

  • Reuters

    Cenovus Energy beats profit estimates on higher oil prices, cost control

    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.

  • GlobeNewswire

    Cenovus continues to deliver strong financial and operating performance in Q3

    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.

  • GlobeNewswire

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

    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.

  • 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