CVE - Cenovus Energy Inc.

NYSE - NYSE Delayed Price. Currency in USD
4.8000
+0.0500 (+1.05%)
At close: 4:00PM EDT
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Previous close4.7500
Open4.8300
Bid0.0000 x 34100
Ask0.0000 x 36900
Day's range4.7600 - 4.9300
52-week range1.4100 - 10.8200
Volume9,005,284
Avg. volume10,906,948
Market cap5.869B
Beta (5Y monthly)1.85
PE ratio (TTM)N/A
EPS (TTM)-0.4240
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date12 Mar 2020
1y target est10.85
  • Surging Crude Prices Send Oil Stocks Soaring Today
    Motley Fool

    Surging Crude Prices Send Oil Stocks Soaring Today

    Oil prices started this week with a bang. WTI, the primary U.S. oil price benchmark, had rallied more than 10% by 10:30 a.m. EDT on Monday, to around $32.50 a barrel, while Brent, the global oil price benchmark, jumped more than 7% to nearly $35 a barrel. The surge in crude prices buoyed most oil stocks.

  • Why Has Cenovus Energy (CVE) Rallied 18.8% Since Q1 Earnings?
    Zacks

    Why Has Cenovus Energy (CVE) Rallied 18.8% Since Q1 Earnings?

    The coronavirus pandemic made quite a brutal impact on Cenovus Energy's (CVE) Q1 earnings.

  • Cenovus Energy (CVE) Q1 2020 Earnings Call Transcript
    Motley Fool

    Cenovus Energy (CVE) Q1 2020 Earnings Call Transcript

    To keep it simple and limit background noise, we have our president and chief executive officer, Alex Pourbaix; our chief financial officer, Jon McKenzie; our executive vice president, upstream, Norrie Ramsay; and our executive vice president, downstream, Keith Chiasson, on the call to answer your questions. Now, before I get to our quarterly results, I wanted to touch briefly for a second.

  • GlobeNewswire

    Cenovus reports voting results of election of Directors

    CALGARY, Alberta, April 29, 2020 -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced that at its annual meeting of shareholders held on April 29, 2020, each of the 11.

  • Reuters

    Oil cuts keeping Canada storage levels in check, producers say

    A crash in crude prices due to global economic restrictions has forced oil companies to cut costs and production. Analysts warn that global storage levels are fast approaching capacity. Levels could still spike to tank-top levels of 43 million barrels, Chief Executive Alex Pourbaix warned.

  • GlobeNewswire

    Cenovus reports first-quarter 2020 results

    Cenovus Energy Inc. (CVE.TO) (CVE.TO) continued to deliver safe and reliable operations in the first quarter of 2020 while demonstrating its ability to take swift and decisive steps to enhance its financial resilience and protect its balance sheet in the face of the global macro-economic challenges caused by the COVID-19 pandemic. “The strength of our balance sheet, the quality of our long-life oil sands reserves and the flexibility of our business to respond quickly to the changing external environment have positioned us well to withstand an extended period of low oil prices,” said Alex Pourbaix, Cenovus President & Chief Executive Officer.

  • GlobeNewswire

    Cenovus to hold conference call and webcast on first-quarter results

    Cenovus Energy Inc. (CVE.TO) (CVE.TO) will release its first-quarter results on Wednesday, April 29, 2020. Financial statements will be available on Cenovus’s website, cenovus.com. A conference call and webcast to discuss the results will be held for the investment community at 9 a.m. MT (11 a.m. ET).

  • Reuters

    Cenovus backs further curtailment as Alberta mulls global oil cut

    Canada's Cenovus Energy Inc <CVE.TO> on Thursday said it would support any further moves by the oil-rich province of Alberta to curtail production as the industry scrambles to head off a storage crunch. The endorsement comes as Alberta Premier Jason Kenney said the western Canadian province is open to joining any potential global pact to reduce a glut of crude production. Storage levels in Alberta, home to the world's third-largest crude reserves, have ballooned to around 30 million barrels and are fast approaching capacity of about 40 million as producers park crude to cope with plummeting demand, according to Royal Bank of Canada (RBC) analysts.

  • Reuters

    Cenovus further cuts 2020 spending, suspends dividend citing oil prices

    The fall in crude prices have forced producers to look for ways to reduce cost, and Cenovus said its measures included a 25% cut in compensation for chief executive officer and board members. The company's other executives will take a 12%-15% reduction in annual base salary, while employees at other levels will experience a graduated smaller salary impact, Cenovus said. Last month, Cenovus announced a near 32% cut to its capital spending for the year and a temporary suspension of its crude-by-rail program, as an erupting Saudi-Russia oil price war dealt a blow to the struggling Canadian oil industry.

  • GlobeNewswire

    Cenovus Energy provides corporate update

    Cenovus Energy Inc. (CVE.TO) (CVE.TO) is implementing additional measures to enhance its financial resilience in response to the low global oil price environment that is expected to continue for an unknown period. Cenovus has decided to reduce its planned 2020 capital spending by an additional $150 million which, combined with the $450 million reduction announced March 9, 2020, is a $600 million decrease from the budget released in December. The company is also forecasting operating cost reductions of about $100 million and general and administrative (G&A) cost reductions of about $50 million compared with the initial December budget.

  • GlobeNewswire

    Cenovus changes Annual Meeting of Shareholders to virtual webcast

    Cenovus Energy Inc. (CVE.TO) (CVE.TO) announced today that its upcoming Annual Meeting of Shareholders (Shareholders Meeting) will now be held in a virtual only format. The Shareholders Meeting will be held at the originally scheduled date and time, on April 29, 2020 at 1:00 p.m. Mountain Time (MT), however, it will now be conducted in a format whereby registered shareholders and duly appointed proxyholders may only attend and participate in the meeting virtually via live audio webcast. The timing and process for voting by proxy remains unchanged; shareholders are reminded that completed proxy forms must be received no later than 1:00 p.m. MT on April 27, 2020.

  • Reuters

    Canadian oil shares bounce modestly, Cenovus cuts spending

    Shares of Canadian energy companies recovered some of their losses on Tuesday, but hovered around their weakest levels in a decade, and Cenovus Energy Inc <CVE.TO>, one of the country's largest producers, slashed spending. Cenovus cut capital spending by 32% for the year and suspended rail-shipping as an oil price war battered rival producers, including Canada. Cenovus closed up 11.3% at C$4.25 and was among the Canadian oil patch's biggest recoveries, after shedding more than 50% the day before, while the Toronto Stock Exchange energy index <.SPTTEN> closed 1.7% higher.

  • GlobeNewswire

    Cenovus responds to low oil prices with reduced 2020 capital spending

    Cenovus Energy Inc. (CVE.TO) (CVE.TO) is reducing its 2020 capital spending by approximately 32% in order to maintain the strength of its balance sheet. The company continues to work toward funding its revised capital program and current dividend within cash flow in this challenging commodity price environment.

  • As Teck oil sands mine hopes for okay from Canada's Trudeau, 20 other projects on hold
    Reuters

    As Teck oil sands mine hopes for okay from Canada's Trudeau, 20 other projects on hold

    As Canadian Prime Minister Justin Trudeau considers whether to approve Teck Resources' Frontier oil sands project, roughly 20 others sit on the shelf as companies delay investment decisions hoping for new pipelines and higher prices. Trudeau's cabinet is expected to meet on Tuesday and decide on Frontier this week. Should Ottawa reject the project, Teck said on Friday it would write down Frontier by C$1.13 billion.

  • Cenovus Energy (CVE) Reports Q4 Loss, Lags Revenue Estimates
    Zacks

    Cenovus Energy (CVE) Reports Q4 Loss, Lags Revenue Estimates

    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?

  • Reuters

    Cenovus posts surprise fourth-quarter loss as costs rise; shares drop

    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.

  • GlobeNewswire

    Cenovus delivers strong 2019 financial and operating performance

    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.

  • Why Earnings Season Could Be Great for Cenovus (CVE)
    Zacks

    Why Earnings Season Could Be Great for Cenovus (CVE)

    Cenovus (CVE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings.

  • Is a Beat in the Offing for Enbridge (ENB) in Q4 Earnings?
    Zacks

    Is a Beat in the Offing for Enbridge (ENB) in Q4 Earnings?

    Enbridge's (ENB) year-over-year earnings improvement is likely to have been supported by the Stratton Ridge project.

  • Is a Beat Likely for Antero Resources (AR) in Q4 Earnings?
    Zacks

    Is a Beat Likely for Antero Resources (AR) in Q4 Earnings?

    Antero Resources' (AR) fourth-quarter earnings are expected to have been supported by higher production volumes.

  • What's in Store for Antero Midstream's (AM) Q4 Earnings?
    Zacks

    What's in Store for Antero Midstream's (AM) Q4 Earnings?

    Antero Midstream's (AM) fourth-quarter results are likely to been aided by increased compression volumes.

  • Is a Beat Likely for Viper Energy (VNOM) in Q4 Earnings?
    Zacks

    Is a Beat Likely for Viper Energy (VNOM) in Q4 Earnings?

    Viper Energy Partners' (VNOM) fourth-quarter production is likely to have risen year over year, in turn boosting profit levels.

  • GlobeNewswire

    Cenovus to hold conference call and webcast on fourth-quarter and year-end 2019 results

    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 Energy (CVE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    Cenovus Energy (CVE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    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.