|Bid||15.14 x 0|
|Ask||15.15 x 0|
|Day's Range||15.68 - 16.17|
|52 Week Range||6.40 - 16.77|
|Beta (5Y Monthly)||3.83|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb. 07, 2022 - Feb. 11, 2022|
|Forward Dividend & Yield||0.07 (0.54%)|
|Ex-Dividend Date||Sep. 14, 2021|
|1y Target Est||15.93|
Cenovus Energy Inc on Tuesday agreed to sell its retail fuels network and assets in Wembley, Alberta, in two separate deals worth about $660 million, as the oil and gas producer looks to shed non-core assets to repay debt. Cenovus, which acquired Husky Energy earlier this year for about $5 billion, has set an interim net debt target of $10 billion and is expecting to meet that goal by offloading assets not central to its operations. The company said it would sell 337 gas stations in its Husky retail fuels network to Parkland Corp and Federated Co-operatives Ltd for $420 million, while retaining its commercial fuels business.
Proceeds will accelerate debt reduction and support enhanced shareholder returnsCALGARY, Alberta, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached agreements to sell its Husky retail fuels network and the Wembley assets in its Conventional business for combined total cash proceeds of nearly $660 million, allowing the company to further focus the portfolio, accelerate deleveraging and support increasing shareholder returns. “This is another demonstration of
With fear of new lockdowns on the rise as more cases of the new variant are detected, Toronto-based Ninepoint Partners is calling for investor calm.