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 Canadian government's Bill C-59. As one of the largest oil sands companies in Canada, and a member of the Pathways Alliance, we are steadfast in our commitment to environmental performance and operational emissions reduction. To support our commitment, we have strived to be transparent about our actions and plans, which we be ...

Sergei Dubrovskii (Note: Cenovus Energy is a Canadian company listed on the NYSE that reports using Canadian dollars unless otherwise stated.) Cenovus Energy (NYSE:CVE) has made tremendous progress since I wrote an article on the great bargain that the purchase of the ConocoPhillips (COP) partnership interest. Back in 2017, cash flow in the years before the acquisition maybe hit C$1 billion in a good year. Now it does that more than quarterly. Cenovus Energy Common Stock Price History And Key Valuation Meas ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividen ...

In the latest trading session, Cenovus Energy (CVE) closed at $19.17, marking a -0.57% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.85%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq added 1.53%. The oil company's shares have seen a decrease of 4.51% over the last month, surpassing the Oils-Energy sector's loss of 4.55% and falling behind the S&P 500's gain of 3.11%. The investment community will be paying close attention to the earnings performance ...

Bet_Noire Cenovus Energy Inc. (NYSE:CVE) stock has lagged its large oil sands peers—badly. Since the beginning of 2023, it's gained 6.97%, versus 36.92% and 27.20% for Canadian Natural Resources (CNQ) and Suncor Energy (SU), respectively. HFI Research CVE fell out of favor in 2022 after management miscommunicated the timing of the company’s pivot to returning 100% of free cash flow to shareholders. Around the same time, another headwind to the shares’ performance emerged when CVE’s U.S. downstream segment s ...

Cenovus Energy (CVE) ended the recent trading session at $19.06, demonstrating a -0.31% swing from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.02%. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq lost 0.09%. The the stock of oil company has fallen by 7.86% in the past month, lagging the Oils-Energy sector's loss of 2.35% and the S&P 500's gain of 4.59%. Analysts and investors alike will be keeping a close eye on the performance of Cenovus Energy in its ...

The price of oil might have slumped below $80 recently but remains more than 10% higher for the year. With Energy still one of the top-performing sectors in 2024, we turn our attention to how some of the constituent companies are using this favorable landscape to return excess free cash flow to shareholders through dividends. The Energy sector's volatile nature, defined by sudden shifts in fortunes, is well-known. While investments in oil and natural gas have always been prone to price fluctuations, recent ...

AlexLMX All financial numbers in this article are in Canadian dollars unless noted otherwise. Please note that oil and gas prices are always in US dollars. Introduction Buy every oil dip you see! The quote above is from a hedge fund newsletter I read yesterday. While I always call for prudent financial management, I'm one of the people who have been buying energy equities rather aggressively over the past few years. Especially over the past three quarters, I have been an avid buyer, as I believe energy is a ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a divide ...

Cenovus Energy Inc. (CVE) reported first-quarter 2024 adjusted earnings per share of 46 cents, which beat the Zacks Consensus Estimate of 35 cents. The bottom line also increased from the year-ago quarter’s figure of 24 cents. Total quarterly revenues of $9.94 billion missed the Zacks Consensus Estimate of $9.98 billion. The top line, however, increased from the year-ago quarter’s level of $9.07 billion. Strong quarterly earnings can be primarily attributed to higher contributions from the Oil Sands unit an ...