|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||8.43 - 8.83|
|52 Week Range||6.76 - 15.98|
|PE Ratio (TTM)||3.79|
|Forward Dividend & Yield||0.16 (1.67%)|
|1y Target Est||11.07|
Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) has had a troubling 2017. Here's why the company might be positioning itself for a strong rebound in 2018.
The move was expected as Pourbaix last month vowed to focus on cost cuts as the company remains under investor pressure to justify its C$17 billion ($13.3 billion) deal to buy ConocoPhillips assets. Calgary-based Cenovus, which hired Pourbaix last month, had said in June that it expected to eliminate some jobs, but did not specify the scale. The company also said it expected to reduce per-barrel operating costs by 8 percent, compared with estimated 2017 expenses, and lower capital costs needed to sustain each oil barrel by 12 percent.
CALGARY, Alberta, Dec. 14, 2017-- Cenovus Energy Inc. plans to invest between $1.5 billion and $1.7 billion in 2018, with the majority of the budget allocated to sustain base production at the company’ ...
Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) stock could produce another powerful rally in 2018 on the strength of oil prices.
Cenovus Energy (CVE) is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front.
Currently, ~50% of Wall Street analysts rate Cenovus Energy (CVE) a “strong buy” or "buy," and ~43% rate it a "hold."
Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) and other oil and gas stocks could be great buys now that we have confirmation that supply cuts in the industry are planned to continue until the end of next year.
Suncor Energy Inc. (TSX:SU)(NYSE:SU) is a safe way to bet on the oil patch, but is the price of admission too high today?
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Oil major Statoil has surprised markets by saying that it isn’t pursuing heavy oil production anymore, a type of crude that makes up 70% of the world’s crude reserves
Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) is too cheap to ignore. Here's why the bottom may be in for the long-time laggard.
Here's why long-term investors should strongly consider backing up the truck on Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) as it continues to dip.
Cenovus Energy is the biggest loser this week from the integrated energy sector. It has fallen from last week’s close of $11.26 to $10.17 on November 15.
For PBF Energy, three analysts recommend a "strong buy," three recommend a "buy," ten recommend a "hold," and one recommends a "sell."
Canadian oil producer Cenovus Energy Inc (Toronto:CVE.TO - News) has put a package of some of its Deep Basin gas assets up for sale, the company's new chief executive said on Wednesday, adding that Cenovus was looking to reduce costs in the long term. "If there's anything that I might put a slight twist on strategy, it's going to be re-emphasizing the focus on bottom line, profitability and returning value," Alex Pourbaix said in his first news media briefing since taking charge last week. Cenovus has raised just under C$4 billion ($3.1 billion) of a targeted C$4 billion to C$5 billion to pay down debt incurred in buying some of ConocoPhillips' (NYSE:COP - News) Canadian assets in March, as foreign oil majors retreated from the country.