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 o ...

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 seg ...

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 u ...

ImagineGolf Article Thesis Cenovus Energy Inc. (NYSE:CVE) is a Canadian energy company that has just raised its dividend by a hefty 29%. But due to declining debt levels and very strong free cash generation, it is very likely that we are in the early innings of a very long dividend growth story. Cenovus is far from expensive and could be attractive for total return and dividend growth investors. Past Coverage I have covered Cenovus Energy Inc. in the past here on Seeking Alpha, most recently in 2022, in thi ...

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 y ...

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 ...

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 dividen ...

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 and ...

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 detail in the Corporation's 2024 Management Information Circular dated March 6, 2024. Shareholders voted as follows on the matters before the meeting: Appointment of Auditor PricewaterhouseCoopers LLP, Chartered Professional Accountants, was reappointed as auditor of the Corporation. Votes forVotes withheldNumberPerce ...

财务数据和关键指标变化 - 公司在第一季度实现了CAD32亿的营业利润,创下了自2021年收购运营资产以来的最高季度吞吐量 [30] - 公司实现了CAD22亿的调整后自由现金流,并返还了CAD262百万的基础股息和CAD165百万的股票回购 [30][32] - 公司净债务在第一季度减少了CAD233百万至CAD48亿,预计将在2024年夏季达到CAD40亿的目标 [34][36] 各条业务线数据和关键指标变化 - 上游业务在第一季度产量保持稳定,约为80万桶油当量/天,其中洛伊德明斯特热采资产创下历史最高季度平均产量114,000桶/天 [13][14] - 公司正在推进诺罗斯湖项目和福斯特克里克优化项目,预计将在2025年和2026年分别投产 [15] - 常规天然气业务产量保持相对稳定,约为12.1万桶油当量/天 [19] - 离岸业务第一季度产量约为6.5万桶油当量/天,亚太资产持续可靠运营贡献了CAD2.63亿的营业利润 [20][21] 各个市场数据和关键指标变化 - 加拿大炼化业务第一季度平均利用率约94%,但受合成原油价格下降和3月重质油价差收窄的影响,炼化利润贡献有所下降 [24][25] - 美国炼化业务第一季度综合原油利用率为87%,较上季度有所提升,主要得益于计划检修减少和整体运营表现改善 [27][28] - 芝加哥裂解价差在第一季度出现强劲反弹,公司得以充分利用 [28] 公司战略和发展方向及行业竞争 - 公司继续专注于提高上游资产的可靠性和利润,以及下游业务的运营表现和利润贡献 [11][12] - 公司正在推进诺罗斯湖和福斯特克里克等高收益增长项目,并优化日常检修计划 [15][16][17] - 即将投产的TMX管线将为公司带来更好的市场准入和价差收窄 [18] - 公司正在探索将产品销往PADD I市场的机会,以进一步优化产品销售 [73] 管理层对经营环境和未来前景的评论 - 管理层对公司上游业务的表现感到满意,并将继续执行既定的计划 [12][23] - 下游业务方面,管理层表示将继续提高资产的可靠性和利润贡献,并通过优化商业运营进一步改善表现 [29] - 管理层对公司未来的增长前景和股东回报充满信心,并将继续执行既定的财务框架 [11][36][40] 问答环节重要的提问和回答 问题1 **Greg Pardy 提问** 询问公司股票回购的上限价格范围 [49][50][51] **Kam Sandhar 回答** 公司没有设置任何股票回购上限价格,将继续根据既定的股东回报框架进行灵活执行 [50][51][52] 问题2 **Dennis Fong 提问** 询问Superior炼厂的产能爬坡和去库存情况 [64][65][66][67] **Keith Chiasson 回答** Superior炼厂正按计划进行产能爬坡和去库存,预计到第三季度将全面投产 [65][66][67] 问题3 **Menno Hulshof 提问** 询问TMX管线的续费谈判进展情况 [79][80][81][82] **Drew Zieglgansberger 回答** TMX管线已于5月正式投产,续费谈判预计将持续到明年上半年才能最终确定 [80][81][82]