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Cenovus Energy Inc

Cenovus Energy Inc (CVE)

27.92
-0.32
( -1.13% )
Updated: 14:50:24

Your Hub for Real-Time streaming quotes, Ideas and Live Discussions

Key stats and details

Current Price
27.92
Bid
27.92
Ask
27.93
Volume
2,612,120
27.82 Day's Range 28.22
19.82 52 Week Range 29.96
Market Cap
Previous Close
28.24
Open
28.00
Last Trade
100
@
27.925
Last Trade Time
14:51:49
Financial Volume
-
VWAP
-
Average Volume (3m)
6,214,251
Shares Outstanding
1,871,868,000
Dividend Yield
-
PE Ratio
12.73
Earnings Per Share (EPS)
2.2
Revenue
52.27B
Net Profit
4.11B

About Cenovus Energy Inc

Sector
Petroleum Refining
Industry
Crude Petroleum & Natural Gs
Website
Headquarters
Calgary, Alberta, Can
Founded
2008
Cenovus Energy Inc is listed in the Petroleum Refining sector of the Toronto Stock Exchange with ticker CVE. The last closing price for Cenovus Energy was $28.24. Over the last year, Cenovus Energy shares have traded in a share price range of $ 19.82 to $ 29.96.

Cenovus Energy currently has 1,871,868,000 shares outstanding. The market capitalization of Cenovus Energy is $52.86 billion. Cenovus Energy has a price to earnings ratio (PE ratio) of 12.73.

CVE Latest News

Competition Act amendments silence Canadian businesses taking climate action

CALGARY, Alberta, June 20, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE), as a member of Pathways Alliance, today issued the following statement with respect to the...

Cenovus reports voting results of annual meeting of shareholders

CALGARY, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) held its annual meeting of shareholders on May 1, 2024. Each matter voted on is described in greater...

Cenovus announces first-quarter 2024 results

CALGARY, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered solid results across its portfolio in the first quarter of 2024. Production from its...

Cenovus to hold first-quarter conference call and webcast, virtual annual meeting of shareholders on May 1

CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its first-quarter 2024 results on Wednesday, May 1. The news release will provide...

Cenovus to webcast Investor Day 2024

CALGARY, Alberta, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will hold its 2024 Investor Day in Toronto on Tuesday, March 5, 2024, at 8:30 a.m. ET (6:30 a.m...

Cenovus announces fourth-quarter and full-year 2023 results

CALGARY, Alberta, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continued to deliver strong operational performance across the portfolio in the fourth quarter of...

Cenovus to hold fourth-quarter, full-year 2023 results conference call and webcast February 15

CALGARY, Alberta, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its fourth-quarter and full-year 2023 results on Thursday, February 15. The news...

Cenovus announces 2024 budget

CALGARY, Alberta, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2024 budget, delivering disciplined capital investment and balancing growth of...

Period โ€ ChangeChange %OpenHighLowAvg. Daily VolVWAP
11.455.4778995088826.4728.3826.2438278727.20316561CS
42.7711.01391650125.1528.3825.13649052526.30244751CS
12-0.95-3.2906130931828.8729.4524.79621425127.03197694CS
266.9132.889100428421.0129.9619.82540808125.8488807CS
525.2723.267108167822.6529.9619.82524209025.38621041CS
15617.1158.04066543410.8231.199.23601899222.34986325CS
26015.44123.71794871812.4831.192.06600248616.47311913CS

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CVE Discussion

View Posts
4Godnwv 4Godnwv 1 year ago
In $CVE
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Jaydixson1 Jaydixson1 2 years ago
Up she goes
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biglued1 biglued1 3 years ago
Enlighten us. Their last reported earnings showed a -17.7% decline yoy.
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Oliverjack Oliverjack 3 years ago
$CUDA OIL AND GAS WILL BE A HUGE RUNNER!!
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whytestocks whytestocks 4 years ago
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
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ClayTrader ClayTrader 4 years ago
* * $CVE Video Chart 10-27-2020 * *

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

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OilPatch OilPatch 4 years ago
Hey Clay... how's the wife? Kids?
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OilPatch OilPatch 4 years ago
https://financialpost.com/commodities/energy/cenovus-energy-to-buy-husky-energy-for-c24-bln-2
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ClayTrader ClayTrader 4 years ago
* * $CVE Video Chart 10-26-2020 * *

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

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OilPatch OilPatch 4 years ago
Volitile... but a winner IMO.
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OilPatch OilPatch 4 years ago
waiting game
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OilPatch OilPatch 4 years ago
Good news.
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whytestocks whytestocks 4 years ago
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
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OilPatch OilPatch 4 years ago
Agreed.
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StevieT StevieT 4 years ago
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.
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OilPatch OilPatch 4 years ago
Great week.
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Orphan Orphan 4 years ago
Up up and away everyone get in now we are clear for take off
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OilPatch OilPatch 4 years ago
https://www.worldoil.com/news/2020/4/17/saudi-arabia-russia-appear-open-to-cuts-beyond-opecplus-deal
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barnyarddog barnyarddog 4 years ago
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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OilPatch OilPatch 4 years ago
Loading more.
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ClayTrader ClayTrader 4 years ago
* * $CVE Video Chart 04-02-2020 * *

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

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OilPatch OilPatch 4 years ago
Will keep on adding.
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OilPatch OilPatch 4 years ago
$CVE is better prepared than most.
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OilPatch OilPatch 4 years ago
Buying...

https://www.globenewswire.com/news-release/2020/04/02/2010587/0/en/Cenovus-Energy-provides-corporate-update.html
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OilPatch OilPatch 4 years ago
Nice movement today.
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ClayTrader ClayTrader 4 years ago
* * $CVE Video Chart 03-31-2020 * *

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

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NeverPeak NeverPeak 4 years ago
$CVE at all time lows
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NeverPeak NeverPeak 4 years ago
cve
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barnyarddog barnyarddog 4 years ago
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/
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Oliverjack Oliverjack 4 years ago
who's ready for an easy 100% ??????
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OTCpicks1 OTCpicks1 5 years ago
$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.
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whytestocks whytestocks 5 years ago
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
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OTCRIDER OTCRIDER 6 years ago
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
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eFinanceMarkets eFinanceMarkets 7 years ago
$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 โ€œno meaningful announcements that lead us to temper our bearish outlook on the stock.โ€

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 โ€œall eyes remain on assets sales,โ€ while noting that the companyโ€™s financial and operating results were positive.
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eFinanceMarkets eFinanceMarkets 7 years ago
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.

โ€œThe 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,โ€ 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 CVEโ€™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.
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wiltonio wiltonio 7 years ago
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
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eFinanceMarkets eFinanceMarkets 7 years ago
Cenovus Energy -11% as massive deal seen increasing debt, leverage
Cenovus Energy (CVE -11.5%) slumps to 52-week lows following its purchase of ConocoPhillipsโ€™ (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 โ€œa unique opportunity to take full control of our oil sands assets,โ€ during a conference call, adding that it would double CVEโ€™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 โ€œnoticeably higher risk profileโ€ 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 โ€œmuch more welcome scenario for the market rather than accelerating spend to develop new projects and have to wait several years before seeing cash flow.โ€
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.
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eFinanceMarkets eFinanceMarkets 7 years ago
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.
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Timothy Smith Timothy Smith 9 years ago
@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.
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Timothy Smith Timothy Smith 9 years ago
@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 โ€œmore moderate approachโ€ 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.
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Timothy Smith Timothy Smith 9 years ago
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).
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Timothy Smith Timothy Smith 9 years ago
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 partyโ€™s identity or the estimated value of the deal.
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Timothy Smith Timothy Smith 9 years ago
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 partyโ€™s identity or the estimated value of the deal.
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Timothy Smith Timothy Smith 9 years ago
The greatest risk to Cenovus would come from a sustained further low pricing for crude. The capital costs associated with oil sands production are high, and considerably improved and sustained prices are probably needed to make operations truly profitable. Cenovus itself speaks of pricing in the WTI USD $70-75 range.
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Timothy Smith Timothy Smith 9 years ago
$CVE recently reported its Q1 results. The company's net loss was $668 million, or 86 cents per share, as compared with a $247 million profit of 33 cents per share in Q1/14. Given the low oil and gas prices for the quarter, there was nothing totally unexpected about a loss. Still the loss came to $.11 per share, more than analyst expectations of $.09.
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iheartweimers iheartweimers 12 years ago
Bloomberg reported takeover attempt by hedge fund today.
Poison pill held in CVE governing documents can trigger
automatic dilution of stock if that happens.
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startmeup startmeup 13 years ago
THIS STOCK IS WAY UNDERVALUED. SHOULD BE UP AROUND $38 A SHARE. WHEN THE EUROPEAN ISSUE SETTLES DOWN, WE WILL REACH THIS LEVEL.
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DewDiligence DewDiligence 13 years ago
Canada's new government is good news for oilsands investors: #msg-62856389.
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OilStockReport OilStockReport 13 years ago
CVE is predicted to have continued upside. Thoughts?



Cenovus Energy Inc. (CVE) is a western Canada focused company. It had 2010 proved and probable reserves of 2.4 BBoe. Cenovus has lease rights to 1.4 MM net acres. It has refining capacity of 226 Mbbls/d. Cenovus is increasing oil production. In 2010, it produced approximately 60% oil and liquids. In 2014, oil and liquids production will be 80%.
Foster Creek will produce 51 to 54 Mbbls/d in 2011. It will have between $11.10 and $11.85 operating costs per barrel. Cenovus will drill between 110 and 120 wells. Christina Lake will produce 9 to 11 Mbbls/d in 2011. 50 to 60 wells are planned and operating costs are $18.65 to $19.40 per barrel. Pelican Lake will produce between 21 and 23 Mbbls/d in 2011. Operating costs are between $14 and $15 per barrel. 40 to 45 gross wells will be drilled this year. Cenovus maintains these properties will add significant oil production growth in the near term. Over the long term, Cenovus has additional properties to increase oil production:

Narrow's Lake 65000 net bbls/d
Grand Rapids 180000 net bbls/d
Telephone Lake 35000 net bbls/d
Winefred Lake 30000 net bbls/d
Foster Creek (Other) 30000 net bbls/d
East McMurray 30000 net bbls/d
West Kirby 30000 net bbls/d
Steepbank 30000 net bbls/d
Cenovus also has refining capacity. It has 356 Mbbls/d crude throughput at Wood River. Borger provides 146 Mbbls/d crude throughput. Cenovus is increasing throughput capacity at Wood River. The combination of increased crude production and refining capabilities provide upside.
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risktaker2005 risktaker2005 13 years ago
CALGARY (Dow Jones)--The Alberta government named several major Canadian and international energy companies that have leases that may be affected by a new conservation plan unveiled Tuesday prohibiting oil sands development in some areas.

The list includes Imperial Oil Ltd. (IMO), which is majority owned by Exxon Mobil Corp. (XOM), Norway's Statoil Ltd. (STO), Canadian Natural Resources Ltd. (CNQ) and Cenovus Energy Inc. (CVE).

The Alberta government said it plans to set aside more than 7,700 square miles of land in the northeastern oil sands region for conservation that would preclude oil sands development on part of 10 leases held by energy companies.

The government said oil sands companies would be compensated for their costs in purchasing and developing the canceled leases.

Cenovus Energy confirmed Tuesday that part of its Borealis oil sands lease may be affected by the government's conservation plan, but not the part that is currently planned for development.

Cenovus has applied to develop a 35,000 barrel-a-day oil sands plant in the Borealis area, but spokeswoman Rhona DelFrari said the project doesn't appear to be affected by the government's conservation plan.

"We have a lot of land in northern Alberta, so it's looking like the section that may be impacted by this is not the area that we are planning to develop in the near future," DelFrari said. She said it's not yet clear how much of Cenovus's booked oil sands reserves would be affected by the government's decision. Because Cenovus hasn't surveyed the resource on all of its oil sands property, company reserves may not be affected at all.

A Statoil spokesman said the company is studying the plan and didn't have an immediate comment.

Representatives of Imperial Oil and Canadian Natural Resources weren't immediately available to comment.

Other companies that could be affected include fledging oil sands producers Athabasca Oil Sands Corp. (ATH.T), Alberta Oilsands Inc. (AOS.V), Southern Pacific Resource Corp. (STP.T), Perpetual Energy Inc. (PMT.T) and Sunshine Oilsands Ltd.

David Pryce, a vice president for the Canadian Association of Petroleum Producers, an industry group, said more compensation should be available for companies that would see their leases canceled.

"Companies have booked value for reserves that are there, and that has been reflected in their share prices," he said.

-By Edward Welsch, Dow Jones Newswires; 403-229-9095; edward.welsch@dowjones.com
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