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.

CALGARY, Alberta, June 13, 2022 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement to purchase the remaining 50% of the Sunrise oil sands project in northern Alberta from bp. Total consideration for the transaction includes $600 million in cash, a variable payment with a maximum cumulative value of $600 million expiring after two years, and Cenovus's 35% position in the undeveloped Bay du Nord project offshore Newfoundland and Labrador. The transaction has an effective date of May 1, 2022 and is anticipated to close in the third quarter of this year, subject to closing conditions and normal purchase price adjustments.

Cenovus acquiring outstanding 50% interest in Sunrise oil sands asset

Does Cenovus Energy (CVE) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Cenovus Energy (CVE) a Strong Momentum Stock: Buy Now?

Cenovus Energy has been a great performer, rising 15x from the lows seen in 2020. And yet, Cenovus isn't really expensive today. The company generates massive cash and looks rather cheap based on EV/EBITDA and when looking at net profits.

Can Cenovus Energy Stock Keep Rising Or Is A Reversal In Store?

Cenovus Energy is well-positioned to benefit from higher oil prices. Cenovus Energy declares that with its net debt below $9 billion, which it is at now, it will return 50% of its free cash flow to shareholders.

Cenovus Energy: Debt Down, Capital Returns Of 100% Of FCF In Q3

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Cenovus (CVE) and partners have worked to significantly de-risk the project in the past 16 months.

Cenovus (CVE) to Restart West White Rose Project in Canada

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CALGARY, Alberta, May 31, 2022 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) and its partners have agreed to restart the West White Rose Project offshore Newfoundland and Labrador. First oil from the platform is anticipated in the first half of 2026, with peak production anticipated to reach approximately 80,000 barrels per day (bbls/d), 45,000 bbls/d net to Cenovus, by year-end 2029.

Cenovus announces restart of West White Rose Project

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The highest natural gas prices since 2008 … major supply/demand structural problems even before the war in Europe … the investment that just made Eric Fry's readers 340% A quick scheduling note before we jump in. Our offices will be closed on Monday as we celebrate Memorial Day.

Forget Oil, Look at Natural Gas

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

Cenovus (CVE) Up 13.6% Since Last Earnings Report: Can It Continue?

CALGARY, Alberta, May 24, 2022 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that on June 28, 2022 (the “Redemption Date”) it will redeem the entire outstanding principal amount of its 3.55% notes due March 12, 2025 (the “Notes”). On the Redemption Date, registered holders of the Notes will receive a redemption price calculated in accordance with the applicable indenture governing the Notes and the terms of the Notes, as described in the prospectus supplement of Husky Energy Inc. dated March 9, 2015 relating to the original issuance of the Notes. The redemption price will include accrued and unpaid interest up to, but excluding, the Redemption Date.

Cenovus to redeem 3.55% notes due March 12, 2025

100% technical buy signals. 11 new highs and up 14.32% in the last month.

Cenovus Energy - One Of The Best Oil Stocks

Whilst Cenovus Energy tripled their dividends when rolling out a new shareholder returns policy, it still heavily favors share buybacks. I would have preferred to see a greater weighting towards dividends but at least they are translating these triple-digit oil prices into massive free cash flow.

Cenovus Energy: Time To Start Looking For An Exit

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Cenovus set the benchmark for how all E&Ps should report the capital return policy. With elevated refining margins, CVE will likely outperform on its free cash flow this year, resulting in more share buybacks or a higher variable dividend.

Cenovus Energy Is Delivering On All Cylinders And The Shares Should Go A Lot Higher

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Cenovus Energy is ramping up its returns to shareholders -- the dividend increase is just the beginning

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Increased transportation and blending expenses, and costs for purchased products hurt Cenovus' (CVE) earnings in Q1.

Cenovus (CVE) Misses Q1 Earnings Estimates, Hikes Dividend

Cenovus Energy Inc (NYSE: CVE) (TSX: CVE) reported a first-quarter basic EPS of C$0.81 compared to C$0.10 in 1Q21. Q1 total revenues increased to C$16.2 billion from C$13.7 billion in the previous quarter, driven by higher average realized sales prices for the company's products.

Why Cenovus Energy Shares Are Trading Higher Today

Cenovus Energy Inc. (NYSE:CVE ) Q1 2022 Earnings Conference Call April 27, 2022 11:00 AM ET Company Participants Sherry Wendt - Vice President, Investor Relations Alex Pourbaix - President and Chief Executive Officer Jonathan McKenzie - Executive Vice President and Chief Operating Officer Joseph Drew - Executive Vice President, Natural Gas & Technical Services Kam Sandhar - Executive Vice President, Strategy & Corporate Development Keith Chiasson - Executive Vice President, Downstream Norrie Ramsay - Executive Vice President, Upstream, Thermal, Major Projects & Offshore Conference Call Participants Dennis Fong - CIBC Capital Markets Greg Pardy - RBC Capital Markets Phil Gresh - JPMorgan Neil Mehta - Goldman Sachs Manav Gupta - Credit Suisse Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to Cenovus Energy's First Quarter Results.

Cenovus Energy Inc. (CVE) CEO Alex Pourbaix on Q1 2022 Results - Earnings Call Transcript

Company releases first-quarter operating and financial results Company releases first-quarter operating and financial results

Cenovus announces shareholder returns plan, triples dividend

CALGARY, Alberta, April 20, 2022 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its first-quarter results on Wednesday, April 27. The news release will provide consolidated first-quarter operating and financial information. Financial statements will be available on Cenovus's website, cenovus.com.

News for Cenovus Energy Stock (CVE)