Cenovus Energy Inc (CVE)

Congratulations holders $ oil up $$

Nice dip $oil and $oil stocks

Won't get that cheap oil stocks next year $$

Cenovus Energy (CVE) tops profit forecasts on record production and stronger oil pricesMay 6, 2026 8:21 AM
IH Market News Cenovus Energy (NYSE:CVE) reported first-quarter results on Wednesday that exceeded analyst earnings expectations, supported by record upstream production levels and higher crude oil prices.The Canadian energy producer posted adjusted earnings of $0.83 per share, comfortably ahead of Wall Street forecasts of $0.51 per share.Revenue totaled $9.39 billion during the quarter, slightly below analyst expectations of $9.58 billion but up 7% from $8.8 billion recorded in the same period last year. Upstream production reaches record levels Cenovus reported record upstream production of 972,100 barrels of oil equivalent per day during the quarter, representing a 19% increase from the first quarter of 2025.The company generated $3.4 billion in adjusted funds flow and produced $2.2 billion in free funds flow over the period. Refining business delivers strong downstream performance Downstream crude throughput averaged 458,500 barrels per day, with crude unit utilization reaching 97%.The company’s U.S. Refining segment delivered adjusted market capture of 114%, helping drive total downstream operating margin to $734 million.“Our people continued to deliver exceptional operating and financial results. From record upstream production to seamless project execution and robust downstream performance, the entire suite of integrated assets contributed to a terrific quarterly result,” said Jon McKenzie, president and chief executive officer of Cenovus. Dividend raised as shareholder returns continue Cenovus said its board approved a 10% increase to the quarterly base dividend, raising the payout to $0.22 per share beginning in the second quarter of 2026.The company returned approximately $1.0 billion to shareholders during the first quarter through dividends, share buybacks and preferred share redemptions. Net debt declines as major projects advance Net debt stood at $8.1 billion as of March 31, 2026, slightly lower than the previous quarter.Cenovus said it remains focused on achieving its long-term net debt target of $4.0 billion.The company also noted that production from the Christina Lake North expansion project is expected to ramp up during the second half of 2026, while first oil from the West White Rose project is anticipated in the third quarter.Cenovus Energy stock price Original: Cenovus Energy (CVE) tops profit forecasts on record production and stronger oil prices

Oil stocks $$$ oil up congratulations holders

Again oil stocks $$

Congratulations holders oil 🛢 moving up up $$$

In $CVE

Up she goes

Enlighten us. Their last reported earnings showed a -17.7% decline yoy.

$CUDA OIL AND GAS WILL BE A HUGE RUNNER!!

Just In: $CVE Stocks at a +55% Discount: Where to Invest $1,000 Right Now

The market crash back in March left the markets in a shambles. We were already living in a time of volatility , but the TSX Composite saw a drop of about 40% within a month. It took about five months to return to around where it once was, but there are still many stocks trading well...

In case you are interested CVE - Stocks at a +55% Discount: Where to Invest $1,000 Right Now

* * $CVE Video Chart 10-27-2020 * *

Link to Video - click here to watch the technical chart video

Hey Clay... how's the wife? Kids?

https://financialpost.com/commodities/energy/cenovus-energy-to-buy-husky-energy-for-c24-bln-2

* * $CVE Video Chart 10-26-2020 * *

Link to Video - click here to watch the technical chart video

Volitile... but a winner IMO.

waiting game

Good news.

News: $CVE These Canadian Oil Stocks Are Up Big Today

As ugly as the 2020 oil market crash has been for American oil producers , it's been absolutely brutal for their cohorts north of the border. However, today's news that the European Union reached a massive $2.1 trillion economic stimulus deal, along with increasing hopes that a coronavirus vacc...

In case you are interested CVE - These Canadian Oil Stocks Are Up Big Today

Agreed.

OPEC finalized on Saturday an extension of their record oil-production curbs through July, delegates said, after Iraq and Nigeria agreed to slightly deeper cuts to compensate for their failure to adhere to recent agreements.

https://www.wsj.com/articles/opec-finalizes-deal-to-extend-oil-output-cuts-11591456992

Should definitely hit $45 WTI this week. Full confidence that CVE can touch 7 or 8 on such a development.

Great week.

Up up and away everyone get in now we are clear for take off

https://www.worldoil.com/news/2020/4/17/saudi-arabia-russia-appear-open-to-cuts-beyond-opecplus-deal

Canadian Oil Sands Per Barrel At $4.47, Now Cheaper Than 12-Pack Coke, $5.08

April 16, 2020

https://srsroccoreport.com/canadian-oil-sands-per-barrel-at-4-47-now-cheaper-than-12-pack-coke-5-08/


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* * $CVE Video Chart 04-02-2020 * *

Link to Video - click here to watch the technical chart video

Will keep on adding.

$CVE is better prepared than most.

Buying...

https://www.globenewswire.com/news-release/2020/04/02/2010587/0/en/Cenovus-Energy-provides-corporate-update.html

Nice movement today.

* * $CVE Video Chart 03-31-2020 * *

Link to Video - click here to watch the technical chart video

$CVE at all time lows

cve

https://en.wikipedia.org/wiki/Cenovus_Energy

Traded as TSX: CVE
NYSE: CVE
S&P/TSX 60 component
ISIN CA15135U1093 Edit this on Wikidata
Industry Oil and Natural gas
Founded 2009
Headquarters Calgary, Alberta, Canada
Key people
Alex Pourbaix (CEO),
Patrick D. Daniel (Board Chair)
Products Oil, Natural gas
Revenue $17.3 billion CAD (2017)[1]
Number of employees
~3,500 (2016)
Website www.cenovus.com

https://www.cenovus.com/

who's ready for an easy 100% ??????

$CVE Cenovus Energy posts Q2 miss on lower refining margins, production

Cenovus Energy (CVE -2.7%) slides after Q2 earnings missed expectations, as Alberta's mandated production cuts affected results and higher Canadian crude prices hurt refining margins.

CVE says Q2 total production fell 14.5% Y/Y to 443.3K boe/day, also affected by a planned turnaround at its Christina Lake oil sands project.

Q2 refining and marketing operating margin fell 45% to $198M, primarily because of higher Canadian crude prices from the production cuts as well as higher operating costs and unplanned maintenance at its refineries.

CVE says it continues to pursue a diversified transportation strategy to get its oil to markets where it can achieve the highest price, includes its plan to ramp up its rail capacity to 100K bbl/day in 2019, which remains on schedule.

News: $CVE Oversold Oil & Gas Companies Gaining Momentum

HENDERSON, NV / ACCESSWIRE / January 22, 2019 / Energy stocks have had a rough go of it for the past 2 years. However, there is a good argument to be made that they have been a bit oversold - with oil prices rising, oil producers stand to benefit the most. One such oil producing company whi...

Find out more https://marketwirenews.com/news-releases/oversold-oil-gas-companies-gaining-momentum-7420318.html

Our focus is on developing our vast Canadian oil sands assets. These assets are located in northern Alberta where we drill for oil and use specialized methods to pump it to the surface from deep underground. We also have a large land base in the Deep Basin liquids-rich natural gas fairway in Alberta and British Columbia. In addition, we have 50 percent ownership in two U.S. refineries.

https://www.cenovus.com/operations/index.html

$CVE Analysts cautious after Cenovus Energy's big Q2 beat, says asset sales key

Cenovus Energy (CVE -2.2%) shares are pulling back today from gains of as much as 11% yesterday following a big Q2 earnings beat, much of it sparked by the company's $17.7B acquisition of ConocoPhillips oil sands assets earlier this year.

Raymond James analyst Chris Cox suggests investors look past the headline beat on cash flow, which "relative to our estimates, was driven almost entirely by one-time cash tax recoveries and currency-related gains," adding that there were “no meaningful announcements that lead us to temper our bearish outlook on the stock.”

President and CEO Brian Ferguson says CVE expects to announce sales for its Weyburn and Palliser non-core oil assets before the end of the year for proceeds of $4B-$5B.

AltaCorp Capital's Nicholas Lupick says “all eyes remain on assets sales,” while noting that the company’s financial and operating results were positive.

Outgoing Cenovus CEO failed to address share price "carnage," analysts say

Analysts and attendees at today's Cenovus Energy (NYSE:CVE) shareholders meeting criticized outgoing CEO Brian Ferguson for not sufficiently addressing concerns over CVE's debt levels or how the company plans to receive fair value for its planned sale of assets.

“The elephant in the room... is that they did not address the last 2.5 months of carnage that the market has had to deal with,” says Rafi Tahmazian, a senior portfolio manager at Canoe Financial.

Ferguson also declined to address whether his decision to step down coincided with last month's purchase of Canadian oil sands assets from ConocoPhillips, which has left CVE increasingly exposed to prices at a time when the oil markets have turned bearish; most analysts peg CVE’s breakeven costs after the acquisition at ~US$50/bbl or higher.

CVE shares have plunged by nearly half since the deal announcement, while COP is roughly flat; CVE tumbled to an all-time low before settling -8.6% on the day.

CONOCOPHILLIPS has filed a new activist 13D, reporting 16.9% ownership in $CVE - https://fintel.io/so/us/cve and https://fintel.io/i/conocophillips

Cenovus Energy -11% as massive deal seen increasing debt, leverage
Cenovus Energy (CVE -11.5%) slumps to 52-week lows following its purchase of ConocoPhillips’ (COP +8.7%) Canadian assets catapults, which catapults the company into the top three in the oil sands but the amount of debt it is taking on is raising red flags.
CEO Brian Ferguson called the deal “a unique opportunity to take full control of our oil sands assets,” during a conference call, adding that it would double CVE’s total production and reserves; he also said CVE plans to sell off its Pelican Lake oil sands properties and some light oil assets in Alberta as a result of the deal, and the company would revisit its dividend once those assets sold.
But analysts say the deal will weigh on shares in the near-term; Raymond James' Chris Cox says CVE takes on a “noticeably higher risk profile” after the deal, and investors are unlikely to see any appeal in the decision to deploy capital towards acquisitions rather than buybacks.
Morgan Stanley's Benny Wong says the deal simplifies CVE's operating structure and decision making, and buying producing assets that are familiar and top-tier is a “much more welcome scenario for the market rather than accelerating spend to develop new projects and have to wait several years before seeing cash flow.”
Canaccord's Dennis Fong says the price paid for the assets is fair, but the diversification from oil sands may confuse investors, yet he sees a sound strategic basis in acquiring assets which can aid in showing short-cycle growth and provide a source for natural gas liquids.

Cenovus Energy upped to Buy, MEG Energy cut to Hold at TD Securities
Cenovus Energy (CVE -0.8%) is upgraded to Buy at TD Securities, which calls the stock a "chronic underperformer" and sees an attractive entry point with shares -17% YTD.
TD notes CVE's own disclosures that indicate the need for $45-$50 West Texas crude prices to fully fund its sustaining capital, corporate cost and dividend payouts, but focuses on CVE's "pristine balance sheet and sharp cost structure improvements."
TD also downgrades MEG Energy (OTCPK:MEGEF -4.6%) to Hold, highlighting the company's debt position rather than the quality and execution of the Christina Lake project.
MEG's first debt tranche is not due until 2023, so "although it can wait patiently for an improvement in fundamentals, most investors likely require line-of-sight to material deleveraging" over 18-24 months, the firm says.

@Timothy Smith: Cenovus Energy (NYSE:CVE) looks prescient in its just-completed $75M acquisition of the Bruderheim Energy Terminal, as delivering crude oil by rail may be making a comeback after losing steam in H1.

The latest data from Canadian Pacific Railway (NYSE:CP) shows weekly crude carloads exceeding 2,000 units in the last two weeks of August, the first time this year since January.

@Timothy Smith: Cenovus Energy (CVE +1.2%) is higher after cutting its quarterly dividend by 40% and accelerating its cost-cutting efforts while adopting a “more moderate approach” to expanding its oil sands assets.

CVE keeps its 2015 Petro capital spending plan at C$1.8B-C$2B, but due to its expectations for ongoing low oil prices (Lucrum), it no longer plans to pursue multiple major oil sands construction projects at the same time.

Cenovus Energy (NYSE:CVE) confirms it has agreed to sell its royalty lands business to Ontario Teachers' Pension Plan for ~C$3.3B ($2.66B).

Cenovus Energy (NYSE:CVE) confirms it is in talks about the potential sale of its royalty interest and mineral fee title lands but provides no details of the other party’s identity or the estimated value of the deal.

Cenovus Energy (NYSE:CVE) confirms it is in talks about the potential sale of its royalty interest and mineral fee title lands but provides no details of the other party’s identity or the estimated value of the deal.