CVE - Cenovus Energy Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
4.6450
+0.1450 (+3.22%)
As of 10:52AM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close4.5000
Open4.6000
Bid4.6800 x 40000
Ask4.6900 x 1000
Day's Range4.5500 - 4.7083
52 Week Range1.4100 - 10.8200
Volume1,557,167
Avg. Volume10,987,106
Market Cap5.749B
Beta (5Y Monthly)3.42
PE Ratio (TTM)N/A
EPS (TTM)-0.4240
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMar. 12, 2020
1y Target Est10.85
  • 2 Canadian Giants Doubled Since the COVID-19 Crash — Should You Buy?
    The Motley Fool

    2 Canadian Giants Doubled Since the COVID-19 Crash — Should You Buy?

    Many Canadian oil and gas bigwigs have almost doubled since the COVID-19 crash in March. Do you own these in your portfolio?The post 2 Canadian Giants Doubled Since the COVID-19 Crash -- Should You Buy? appeared first on The Motley Fool Canada.

  • TSX Rally: If You’re Betting on a V-Shaped Recovery, Here Are 2 Stocks to Buy Now
    The Motley Fool

    TSX Rally: If You’re Betting on a V-Shaped Recovery, Here Are 2 Stocks to Buy Now

    Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) and another high-upside stock I'd buy if I were bullish on a V-shaped recovery for the TSX.The post TSX Rally: If You're Betting on a V-Shaped Recovery, Here Are 2 Stocks to Buy Now appeared first on The Motley Fool Canada.

  • Cenovus (CVE) Up 20.1% Since Last Earnings Report: Can It Continue?
    Zacks

    Cenovus (CVE) Up 20.1% Since Last Earnings Report: Can It Continue?

    Cenovus (CVE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • 3 Stocks You Shouldn’t Waste Your $2,000/Month CERB Payment On
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    3 Stocks You Shouldn’t Waste Your $2,000/Month CERB Payment On

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  • Will the Latest Oil Production Cuts Save Canada’s Energy Patch?
    The Motley Fool

    Will the Latest Oil Production Cuts Save Canada’s Energy Patch?

    The latest oil production cuts will do little to improve the outlook for the oil sands, making Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) an oil stock to avoid.The post Will the Latest Oil Production Cuts Save Canada’s Energy Patch? appeared first on The Motley Fool Canada.

  • Investing $2,500 in These 2 Stocks Could Make You a Fortune
    The Motley Fool

    Investing $2,500 in These 2 Stocks Could Make You a Fortune

    Cenovus Energy and Baytex Energy are two value stocks to invest in that will soar higher if and when the oil and gas industry recovers.The post Investing $2,500 in These 2 Stocks Could Make You a Fortune appeared first on The Motley Fool Canada.

  • TFSA Wealth: 2 Top Stocks I’d Buy Right Now
    The Motley Fool

    TFSA Wealth: 2 Top Stocks I’d Buy Right Now

    Consider Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) and another stock if you're a young investor seeking to grow your TFSA wealth at an above-average rate.The post TFSA Wealth: 2 Top Stocks I'd Buy Right Now appeared first on The Motley Fool Canada.

  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (14,885.48, up 246.58 points.)Cenovus Energy Inc. (TSX:CVE). Energy. Up 39 cents, or 7.49 per cent, to $5.60 on 11.3 million shares.MEG Energy Corp. (TSX:MEG). Energy. Up 15 cents, or 5.14 per cent, to $3.07 on 8.9 million shares.Air Canada (TSX:AC). Industrials. Up $2.11, or 14.43 per cent to $16.73 on 8.7 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up $5.05, or 32.9 per cent, to $20.40 on 8.2 million shares.First Quantum Minerals Ltd. (TSX:FM). Materials. Up 79 cents, or 10.44 per cent, to $8.36 on 4.6 million shares.Husky Energy Inc. (TSX:HSE). Energy. Up 24 cents, or 6.56 per cent, to $3.90 on 4.5 million shares.Companies in the news:Air Canada — The International Air Transport Association has proposed a series of measures aimed at relaunching the global air travel industry, including the mandatory use of face masks, a ban on lining up for onboard washrooms and an end to physical distancing. The organization says passenger face coverings remove the need for social distancing on board, which it defines as leaving middle seats open. Air Canada and WestJet Airlines Ltd. — both of which the association counts among its 290-odd members — say their pandemic policies block the sale of adjacent seats in economy class or throughout the entire plane.TC Energy Corp. (TSX:TRP). Down $1.33 or 2.1 per cent to $61.38. A financial analyst says Alberta government backing means TC Energy Corp. can be more comfortable continuing construction of the Keystone XL pipeline this summer despite Joe Biden's vow to kill it if he is elected president in November. Jennifer Rowland of Edward Jones says it's not surprising that the campaign for the leading U.S. Democratic Party candidate said Monday that he would cancel the presidential permit for the project issued by President Donald Trump. She says the declaration, however, represents a significant risk for the US$8-billion project and would likely result in the Calgary-based company re-examining how prudent it is to continue construction.Reitmans (Canada) Ltd. (TSX:RET). Unchanged at 27 cents. Reitmans (Canada) Ltd. has obtained court protection from its creditors under the Companies' Creditors Arrangement Act to allow a restructuring of the women's clothing retailer. The process will allow the company to implement a restructuring plan that addresses the impacts of COVID-19, which prompted retail outlets across Canada to shut their doors temporarily in an effort to help contain the pandemic from spreading. Reitmans closed 587 stores on March 17, but its e-commerce websites have remained open.Chesswood Group Ltd. (TSX:CHW). Down 47 cents or 10.4 per cent to $4.06. Chesswood Group Ltd. says it is temporarily suspending its monthly dividend as part of its plan to resume funding new business in the U.S. as closure restrictions due to the pandemic begin to lift. The commercial equipment finance company says the decision was part of a move to also draw on its revolving credit facility as its customers' businesses reopen. The suspension of the dividend follows a reduction of its regular payment to shareholders in April to 3.5 cents per share from seven cents due to the pandemic.This report by The Canadian Press was first published May 19, 2020.The Canadian Press

  • Surging Crude Prices Send Oil Stocks Soaring Today
    Motley Fool

    Surging Crude Prices Send Oil Stocks Soaring Today

    Oil prices started this week with a bang. WTI, the primary U.S. oil price benchmark, had rallied more than 10% by 10:30 a.m. EDT on Monday, to around $32.50 a barrel, while Brent, the global oil price benchmark, jumped more than 7% to nearly $35 a barrel. The surge in crude prices buoyed most oil stocks.

  • Oilpatch welcomes federal aid for large firms despite climate change conditions
    The Canadian Press

    Oilpatch welcomes federal aid for large firms despite climate change conditions

    CALGARY — A federal financing relief package for large Canadian companies was applauded by the oil and gas sector and the Alberta government on Monday despite conditions that could link the aid to an individual company's climate change goals.In Edmonton, Alberta Finance Minister Travis Toews welcomed the announcement, saying that the province's large companies, particularly in oil and gas and aviation, need relief quickly."We know that the (financial) need could be great. We've seen some recovery in energy prices, that's very welcome, but these prices that we're seeing today are by no means close to profitable for the industry," said Toews.While the province still needs to see the details of the federal plan, he said he is pleased there is no cap on the bridge financing offer.He added oil and gas companies shouldn't face problems with the requirement to help meet federal climate change commitments.Oilsands producer Cenovus Energy Inc. is pleased that Ottawa recognizes large corporations need help as well as the small and medium-sized ones, said spokeswoman Sonja Franklin."Today's announcement is an important signal for the markets that the government will stand behind viable businesses in this country," she said in an email."The federal government recognizes which sectors contribute most significantly to its revenues and needs to ensure these sectors — like oil and gas — will be there to help it pay off the massive debt it's accumulating as part of the COVID-19 relief."The company is in a strong financial position with access to more than $6 billion in liquidity, she added, but government support is important because there's no way to know when low oil prices will recover.Cenovus has set targets of 30 per cent greenhouse gas emissions intensity reduction and flat overall emissions by 2030, as well as achieving net zero GHG emissions by 2050, and therefore should have no problem meeting federal climate change requirements, she said.The federal program goes a long way to addressing the industry's request for short-term financial liquidity help and will likely be well used as long as there are no issues with accessing the funds, said Tim McMillan, CEO of the Canadian Association of Petroleum Producers."I think this is essential. Not all companies are going to need to tap into this sort of liquidity ... but some that are normally high-quality, stable companies likely will be looking for this program to provide a certain amount of liquidity for them," he said.Environmental and climate change reporting by oil and gas companies is extensive, both voluntary and as required by regulators, he added, which means most companies should be able to meet Ottawa's requirements."This is a non-sector-specific program and when we compare what we've been doing for the last several years compared to other industries in Canada, I think we're probably one or two steps ahead," he said."This would be a requirement that may be a challenge for some industries — I think for our larger oil and gas companies, this is the kind of stuff we've been reporting on for a period of time already."Companies that apply for public support should be willing to say how they will adapt to new rules with regard to climate change, said Greenpeace Canada senior energy strategist Keith Stewart."There have to be some real teeth in how this is implemented, but it makes sense that companies seeking public support agree to limit dividends and executive pay, forgo tax havens and start aligning their business model with Canada's climate change targets," he said."Companies funding campaigns to oppose action on climate change should be excluded from the program."With a file from Dean Bennett in Edmonton.This report by The Canadian Press was first published May 11, 2020.Companies in this story: (TSX:CVE)Dan Healing, The Canadian Press

  • Why Has Cenovus Energy (CVE) Rallied 18.8% Since Q1 Earnings?
    Zacks

    Why Has Cenovus Energy (CVE) Rallied 18.8% Since Q1 Earnings?

    The coronavirus pandemic made quite a brutal impact on Cenovus Energy's (CVE) Q1 earnings.

  • TFSA Investors: Avoid These Dividend Stocks!
    The Motley Fool

    TFSA Investors: Avoid These Dividend Stocks!

    Cenovus Energy Inc (TSX:CVE)(NYSE:CVE) is one of many stocks this year that's either cut or suspended its dividend payments.The post TFSA Investors: Avoid These Dividend Stocks! appeared first on The Motley Fool Canada.

  • 2 TSX Energy Stocks to Buy As Oil Prices Rise
    The Motley Fool

    2 TSX Energy Stocks to Buy As Oil Prices Rise

    These TSX energy stocks have what it takes to survive any short-term headwinds and grow substantially as oil prices rise.The post 2 TSX Energy Stocks to Buy As Oil Prices Rise appeared first on The Motley Fool Canada.

  • Will These 3 Top Oil Stocks Survive 2020?
    The Motley Fool

    Will These 3 Top Oil Stocks Survive 2020?

    Things don't look very good for Baytex Energy (TSX:BTE)(NYSE:BTE), Crescent Point (TSX:CPG)(NYSE:CPG) or Cenovus Energy (TSX:CVE)(NYSE:CVE). The post Will These 3 Top Oil Stocks Survive 2020? appeared first on The Motley Fool Canada.

  • Cenovus Energy (CVE) Q1 2020 Earnings Call Transcript
    Motley Fool

    Cenovus Energy (CVE) Q1 2020 Earnings Call Transcript

    To keep it simple and limit background noise, we have our president and chief executive officer, Alex Pourbaix; our chief financial officer, Jon McKenzie; our executive vice president, upstream, Norrie Ramsay; and our executive vice president, downstream, Keith Chiasson, on the call to answer your questions. Now, before I get to our quarterly results, I wanted to touch briefly for a second.

  • GlobeNewswire

    Cenovus reports voting results of election of Directors

    CALGARY, Alberta, April 29, 2020 -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced that at its annual meeting of shareholders held on April 29, 2020, each of the 11.

  • Why Cenovus Energy (TSX:CVE) Stock Is Rallying Almost 10%
    The Motley Fool

    Why Cenovus Energy (TSX:CVE) Stock Is Rallying Almost 10%

    Despite a weak first quarter earnings result, Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) stock price rallies as the price of oil soars 32%The post Why Cenovus Energy (TSX:CVE) Stock Is Rallying Almost 10% appeared first on The Motley Fool Canada.

  • Cenovus Energy (CVE) Reports Q1 Loss, Lags Revenue Estimates
    Zacks

    Cenovus Energy (CVE) Reports Q1 Loss, Lags Revenue Estimates

    Cenovus (CVE) delivered earnings and revenue surprises of -278.95% and -7.31%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Cenovus Energy reports $1.8B first-quarter loss as oil prices plunged
    The Canadian Press

    Cenovus Energy reports $1.8B first-quarter loss as oil prices plunged

    CALGARY — Cenovus Energy Inc. reported a $1.8-billion loss in its first quarter as oil prices fell due to a drop in demand as a result of the COVID-19 pandemic and a oil price war between Saudi Arabia and Russia.The oilsands producer says the loss amounted to $1.46 per diluted share for the quarter compared with a profit of $110 million or nine cents per diluted share in the first quarter of 2019.On an operating basis, Cenovus says it lost nearly $1.2 billion or 97 cents per diluted share in the quarter compared with an operating profit of $69 million or six cents per share a year ago.Cenovus has moved to protect itself from the downturn by slashing capital spending, suspending its dividend and rolling back salaries.The company says it is managing its production levels as market conditions change to optimize the value it receives for its products.Cenovus says its oilsands production has been reduced by approximately 60,000 barrels per day, but that it has the flexibility to ramp up production when market conditions improve.This report by The Canadian Press was first published April 29, 2020.Companies in this story: (TSX:CVE)The Canadian Press

  • GlobeNewswire

    Cenovus reports first-quarter 2020 results

    Cenovus Energy Inc. (CVE.TO) (CVE.TO) continued to deliver safe and reliable operations in the first quarter of 2020 while demonstrating its ability to take swift and decisive steps to enhance its financial resilience and protect its balance sheet in the face of the global macro-economic challenges caused by the COVID-19 pandemic. “The strength of our balance sheet, the quality of our long-life oil sands reserves and the flexibility of our business to respond quickly to the changing external environment have positioned us well to withstand an extended period of low oil prices,” said Alex Pourbaix, Cenovus President & Chief Executive Officer.

  • Is Cenovus Stock Worth the Risk?
    The Motley Fool

    Is Cenovus Stock Worth the Risk?

    Should investors take a chance on Cenovus Energy Inc (TSX:CVE)(NYSE:CVE)?The post Is Cenovus Stock Worth the Risk? appeared first on The Motley Fool Canada.

  • Don’t Let the Market Rally Fool You — Especially These 2 TSX Stocks
    The Motley Fool

    Don’t Let the Market Rally Fool You — Especially These 2 TSX Stocks

    These 2 TSX stocks have surged more than 60% since last month amid the market rally. Whether they can hold on to these gains remains to be seen. The post Don’t Let the Market Rally Fool You -- Especially These 2 TSX Stocks appeared first on The Motley Fool Canada.

  • Market Rally: 3 Energy Stocks That Can Explode This Year
    The Motley Fool

    Market Rally: 3 Energy Stocks That Can Explode This Year

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  • Cenovus Energy (CVE) to Report Q1 Earnings: What's in Store?
    Zacks

    Cenovus Energy (CVE) to Report Q1 Earnings: What's in Store?

    Although weak crude prices are likely to have hurt Cenovus Energy's (CVE) Q1 earnings, higher production is expected to have lent support.

  • 3 Startling Stats That Show the Market Crash Won’t End Soon
    The Motley Fool

    3 Startling Stats That Show the Market Crash Won’t End Soon

    The market outlook is not bright with record GDP contraction, a weak oil price environment, and rising coronavirus cases. The Cenovus Energy stock, along with other badly hit stocks, will continue to spiral until market stability returns.The post 3 Startling Stats That Show the Market Crash Won’t End Soon appeared first on The Motley Fool Canada.