|Bid||11.09 x 0|
|Ask||11.10 x 0|
|Day's Range||10.94 - 11.31|
|52 Week Range||8.74 - 14.84|
|Beta (3Y Monthly)||2.01|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 14, 2018 - Feb 19, 2018|
|Forward Dividend & Yield||0.20 (1.51%)|
|1y Target Est||15.59|
Need juicy ideas? This trio of recently upgraded stocks, including Canadian Natural Resources Ltd (TSX:CNQ)(NYSE:CNQ), might provide the opportunities you're looking for.
Canadian Natural Resources Ltd. (TSX:CNQ)(NYSE:CNQ) and Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) are poor long-term plays on higher oil.
A Canadian Senate committee has passed 187 amendments to an energy bill proposed by the Liberal government that would change how major projects like oil export pipelines are assessed. The unusually high number of amendments, approved late Thursday, was welcomed by oil companies and the premier of Canada's main crude-producing province, Alberta. Bill C-69 will now go back to the Senate, which will vote on the amendments, and then to the House of Commons for final approval, where the government can accept, reject or further amend the legislation.
Generally speaking long term investing is the way to go. But no-one is immune from buying too high. For example the...
Hudson's Bay Co (TSX:HBC) stock has continued to struggle over the past year, but will further asset sales make things better or worse?
The government has made no secret about its interest in finding a way to expand the line, but has tiptoed around the matter to avoid opening any decision up to legal challenges that have already delayed the project -- and things remain fluid as consultations continue. Prime Minister Justin Trudeau has begun signaling his interest.
Investing in Canadian oil stocks has been a wild ride. As energy prices rise, stocks like Husky Energy Inc. (TSX:HSE) are becoming bargains. Here are three promising oil stocks to choose from.
Suncor Energy Inc. (TSX:SU)(NYSE:SU), Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE), and Enbridge Inc. (TSX:ENB)(NYSE:ENB) are all on a path to tremendous growth in the next decade.
Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) might be an interesting contrarian pick, but when should you hit the buy button?
Suncor Energy Inc (TSX:SU)(NYSE:SU) has been able to produce strong results despite some very challenging industry conditions over the past few years.
WINNIPEG, Manitoba/CALGARY, Alberta, April 26 (Reuters) - T wo of Canada's biggest integrated oil producers on Friday urged the incoming Alberta government to end mandatory production cuts, saying they have hurt the economy and deterred investment in the country's main crude-producing province. Alberta imposed the curtailments in January in an attempt to reduce hefty price discounts on Canadian crude that reflected production that far exceeded pipeline space. Imperial Oil Ltd and Husky Energy previously benefited from refining cheaper oil, and opposed the cuts.
Cenovus Energy Inc (TSX:CVE)(NYSE:CVE) could take off after reporting impressive results in its first quarter of the year.
CALGARY, Alberta, April 24, 2019 -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced that at its annual meeting of shareholders held on April 24, 2019, each of the 11.
The Alberta government's oil production curtailment program will deliver billions of dollars in benefits to taxpayers this year thanks to stronger crude prices, the chief executive of Cenovus Energy Inc. said Wednesday. On a conference call to discuss the company's latest financial results, Alex Pourbaix said his company paid more than $190 million in provincial royalties in the three months ended March 31, but he doesn't mind because a reduction of price discounting of western Canadian oil has more than made up for the five per cent reduction in Cenovus production the program caused. "In the fourth quarter of 2018, when light-heavy differentials reached record highs, peaking at more than US$50 per barrel, Cenovus had a net royalty credit with the province of Alberta of approximately $30 million.
Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) reports strong cash flows, as the Canadian oil price differential narrows significantly, making Cenovus stock a top pick for huge 2019 gains.
Canada's Cenovus Energy on Wednesday praised government-ordered oil production cuts that have dramatically improved Canadian crude oil prices, allowing the company to post a return to quarterly profits after a torrid 2018. Canada's main oil-producing province Alberta ordered companies to cut output by 325,000 barrels per day (bpd), effective Jan. 1, 2019, to deal with pipeline bottlenecks that led to a glut of crude in storage and record price discounts. Some producers like Imperial Oil have criticized government intervention in the market but Cenovus chief executive Alex Pourbaix said the move had boosted both company profits and provincial royalty revenues.
After four disappointing quarters, Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) could finally be in the black, which is why you might want to buy now.