Cenovus Energy

Cenovus Energy, Inc. engages in provision of gas and oil. Its activities include development, production, and marketing of crude oil, natural gas liquids (NGLS), and natural gas in Canada. The firm operates through four segments: Oil Sands, Conventional, Refining & Marketing, and Corporate & Eliminations. The Oil sands segment includes the development and production of bitumen in northeast Alberta including Foster Creek, Christina Lake and Narrows Lake as well as projects in the early stages of development. The Conventional segment includes includes land primarily in the Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas. The Refining and Marketing segment provides transportation and selling of crude oil, natural gas and NGLS. The Corporate and Eliminations segment includes unrealized gains and losses recorded on derivative financial instruments, divestiture of assets, as well as other administrative, financing activities and research costs. The company was founded in 1881 and is headquartered in Calgary, Canada.

Earnings data Q2 2023

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Cenovus Energy, Inc. is a Canadian-based integrated energy company, which engages in the provision of gas and oil. It operates through the following segments: Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Corporate and Eliminations. The Oil Sands segment is involved in the development and production of bitumen and heavy oil in northern Alberta and Saskatchewan. The Conventional segment includes assets rich in NGLs and natural gas within the Elmworth-Wapiti, Kaybob-Edson, Clearwater and Rainbow Lake operating areas in Alberta and British Columbia and interests in numerous natural gas processing facilities. The Offshore segment operates, explore, and develop activities in China and the East Coast of Canada, as well as the equity-accounted investment in the Husky-CNOOC Madura Ltd. (HCML) joint venture in Indonesia. The Canadian Manufacturing segment owns and operates Lloydminster upgrading and asphalt refining complex, which converts heavy oil and bitumen into synthetic crude oil, diesel, asphalt, and other ancillary products. The U.S. Manufacturing segment consists of refining of crude oil to produce gasoline, diesel, jet fuel, asphalt, and other products at the wholly-owned lima Refinery and Superior Refiner, the jointly-owned Wood River and Borger refineries and the jointly-owned Toledo Refinery. The Corporate and Eliminations segment refers to the Cenovus-wide costs for general and administrative, financing activities, gains, and losses on risk management for corporate related derivative instruments and foreign exchange. The company was founded in 1881 and is headquartered in Calgary, Canada.

This is the type of energy deals that make sense and unlike the PXD/PE transaction. The two weaknesses of both companies are resolved with this merger. CVE had a WCS-WTI uncertainty weakness. Husky had a high opex/boe and not enough production problems.

Cenovus Energy's Acquisition Of Husky Makes It A Must-Own In The Energy Sector

Shareholders asked to vote in favour of board-approved agreement to combine businesses Shareholders asked to vote in favour of board-approved agreement to combine businesses

Cenovus and Husky to hold special shareholder meetings on proposed Plan of Arrangement

Lower contributions from oil sands operations hurt Cenovus??? (CVE) third-quarter earnings.

Cenovus (CVE) Gains 33% Even as Q3 Earnings Miss Estimates

CALGARY, Alberta, Nov. 09, 2020 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE), through a wholly owned partnership, has entered into a definitive agreement to sell its Marten Hills oil assets in northern Alberta to Headwater Exploration Inc. for initial cash and common share equity consideration of approximately $100 million.

Cenovus reaches agreement to accelerate development of its Marten Hills oil assets

Cenovus Energy Inc. (CVE) CEO Alex Pourbaix on Q3 2020 Results - Earnings Call Transcript

The chief executive of Cenovus Energy said he is confident shareholders will approve its acquisition of rival Husky Energy, despite big quarterly losses and a stock sell-off.

Cenovus Energy CEO 'not worried' about Husky deal approval as results disappoint

Cenovus (CVE) delivered earnings and revenue surprises of -833.33% and -11.04%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Cenovus Energy (CVE) Reports Q3 Loss, Misses Revenue Estimates

Cenovus Energy (CVE) is the third-largest hydrocarbon producer in Canada and its deal with Husky Energy is likely to enable it to decrease its output difference with the top two producers.

Cenovus (CVE) & Husky Deal to Create C$1.2B Annual Synergies

Shares of Cenovus fell as investors digested consolidation news on the Canadian side of the border.

Why Cenovus Energy Plunged 15% in Early Trading Today

Cenovus Energy's acquisition of Husky Energy creates a new Canadian-owned major oil producer and lends the long-struggling oil patch greater stability during its biggest crisis in decades, with investors betting on further deals.

Analysis: Cenovus-Husky deal creates new Canadian oil major, stokes hunger for deals

Canadian oil and gas producer Cenovus Energy Inc will buy peer Husky Energy Inc in an all-stock transaction valued at $23.6 billion, inclusive of debt, the companies said in a joint statement on Sunday.

Cenovus Energy to buy Husky Energy for $24 billion

Cenovus Energy Inc will buy Husky Energy Inc in an all-stock transaction valued at $23.6 billion, the companies said in a statement on Sunday.

Cenovus Energy to buy Husky Energy in an all-stock deal valued at $23.6 billion

CALGARY, Alberta, Oct. 25, 2020 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) and Husky Energy Inc. (TSX: HSE) will host a joint conference call and webcast today, Sunday, October 25, 2020, starting at 11:00 a.m. MT (1:00 p.m. ET) to discuss their proposed transaction to create a new integrated Canadian oil and natural gas company.

Cenovus Energy and Husky Energy to hold joint conference call and webcast on transaction

Combination of complementary businesses will result in $1.2 billion in cost and capital synergies, enhance free funds flow generation and support investment grade credit profile Combination of complementary businesses will result in $1.2 billion in cost and capital synergies, enhance free funds flow generation and support investment grade credit profile

Cenovus and Husky Combine to Create a Resilient Integrated Energy Leader

CALGARY, Alberta, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its third-quarter results on Thursday, October 29, 2020. The news release will provide consolidated third-quarter operating and financial information. Financial statements will be available on Cenovus's website, cenovus.com.

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

Cenovus (CVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Cenovus Energy (CVE) to Report a Decline in Earnings: What to Look Out for

Cenovus Energy (CVE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Cenovus Energy (CVE) Stock Stands Out in a Strong Industry

Cenovus (CVE) reported earnings 30 days ago. What's next for the stock?

Why Is Cenovus (CVE) Down 6% Since Last Earnings Report?

Cenovus Energy: Balance Sheet Debt Explosion

CALGARY, Alberta, July  30, 2020  (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has completed a public offering in the United States (the “Offering”) of US$1,000,000,000 in 5.375% senior unsecured notes due 2025 (the “Notes”). The Notes were issued under Cenovus’s short form base shelf prospectus dated September 19, 2019 and a prospectus supplement dated July 28, 2020 filed with securities regulatory authorities in Canada and the United States.

Cenovus announces closing of US$1 billion offering of senior notes

After moving record-large Canadian oil volumes by rail just five months ago, shippers have hit the brakes, idling thousands of cars and tens of millions of dollars' worth of infrastructure.

Once Canada's oil relief valve, rail shipping grinds to near halt

Cenovus Energy's (CVE) second-quarter operating loss from the Conventional unit narrows year over year due to lower operating costs.

Cenovus (CVE) Q2 Earnings Beat on Higher Oil Production

Cenovus Energy: You Shouldn't Expect A Dividend Anytime Soon

Cenovus Energy's (CVE) CEO Alex Pourbaix on Q2 2020 Results - Earnings Call Transcript

Cenovus (CVE) delivered earnings and revenue surprises of 43.18% and -20.26%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Cenovus Energy Stock (CVE)