8.81 +0.02 (0.23%)
After hours: 5:47PM EDT
|Bid||8.56 x 2900|
|Ask||0.00 x 36100|
|Day's Range||8.51 - 8.81|
|52 Week Range||7.09 - 11.52|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.15 (1.75%)|
|1y Target Est||10.85|
Cenovus Energy (CVE) to transport oil to the markets with higher commodity price, courtesy of the railway transportation deals.
Cenovus Energy Inc. (CVE.TO) (CVE) has signed three-year deals with major rail companies to transport approximately 100,000 barrels per day (bbls/d) of heavy crude oil from northern Alberta to various destinations on the U.S. Gulf Coast.
VANCOUVER/WINNIPEG (Reuters) - Cenovus Energy Inc (Toronto:CVE.TO - News), a major Canadian oil producer, has signed a deal to move more crude with the Canadian National Railway Co (Toronto:CNR.TO - News), a source with direct knowledge of the matter told Reuters. The deal is one of many being quietly signed that, along with the expedited deliveries of new locomotives, will help boost Canada's crude-by-rail shipments 50 percent by year end, a government consultant told Reuters separately. Shipper commitments put CN and smaller rival Canadian Pacific Railway Ltd (Toronto:CP.TO - News) in position to collectively move more than 300,000 barrels per day by December, said Greg Stringham, a consultant who mediated talks among oil producers and railways for the Alberta government this year.
NEW YORK, Aug. 23, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Chesapeake ...
Cenovus (CVE) reveals that the to-be-divested Pipestone business produced 8,800 barrels of oil equivalent per day (BOE/d) through the January-to-June period of 2018.
Cenovus Energy Inc. (CVE.TO) (CVE) and one of its subsidiaries have entered into an agreement to sell the general partnership that holds the Pipestone and Wembley natural gas and liquids business in northwestern Alberta (the “Pipestone Business”) for cash proceeds of $625 million. The transaction also includes the Pipestone Business’s 39% operated working interest in the Wembley gas plant.
CALGARY, Alberta, Aug. 07, 2018-- Cenovus Energy Inc. has published its 2017 corporate responsibility report detailing the company's efforts to accelerate its environmental performance, protect the health ...
The surge in production - expected to reach more than half a million barrels per day in 2019 - has led to pipeline constraints, resulting in Canadian heavy crude trading at steep discounts to U.S. light crude as well as producers turning to crude-by-rail options. "Transportation bottlenecks are by far the biggest challenge for Canadian producers, mainly because the pipeline constraints won't be alleviated until the end of 2019, at the earliest," said Edward Jones analyst Jennifer Rowland. "It impacts their decisions for future production projects, and it impacts investor sentiment toward the companies," she added.
Cenovus Energy Inc. (CVE.TO) (CVE) achieved record production and delivered solid financial performance in the second quarter of 2018. Cenovus ramped up its oil sands operations in the second quarter and achieved record high production volumes and record low per-barrel oil sands operating costs after using the dynamic storage capability of its reservoirs to strategically slow oil sands production in the first quarter due to market conditions. Adjusted funds flow was $0.67 per share in the second quarter of 2017.
After last year's unpopular acquisition of ConocoPhillips' assets, Pourbaix, who inherited a company last October with C$9.51 billion in long-term debt, is giving himself until 2019 to turn Cenovus around and bring that figure down. Douglas Kee, chief investment officer at Leon Frazer & Associates, said Cenovus is not expected to increase dividends until later in 2019. In the first quarter, Cenovus declared a dividend of 5 cents per share representing an annualized yield of about 2 percent.
CALGARY, Alberta, July 19, 2018-- Cenovus Energy Inc. will release its second-quarter 2018 results on Thursday, July 26, 2018. The news release will provide consolidated second-quarter 2018 operating and ...
LONDON, UK / ACCESSWIRE / July 10, 2018 / If you want a free Stock Review on PBR sign up now at www.wallstequities.com/registration. This Tuesday, WallStEquities.com has initiated reports coverage on the following Oil & Gas Drilling & Exploration equities: Antero Resources Corp. (NYSE: AR), Camber Energy Inc. (NYSE AMER: CEI), Cenovus Energy Inc. (NYSE: CVE), and Petroleo Brasileiro S.A. (NYSE: PBR).
While overall Canadian oil production is likely to increase to 5.6 million bpd by 2035, lack of takeaway capacity is not expected to wane anytime soon.
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health toRead More...
Investors who want to cash in on Cenovus Energy Inc’s (TSX:CVE) upcoming dividend of CA$0.05 per share have only 3 days left to buy the shares before its ex-dividend date,Read More...
In this final article of the series, we’ll look at the biggest losses from the US integrated energy sector this week.
First-quarter 2018 results indicate why Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) is an unappealing play on higher oil.