CVE - Cenovus Energy Inc.
| Previous Close | 4.6100 |
| Open | 4.7500 |
| Bid | 4.6500 x 45900 |
| Ask | 4.8100 x 27000 |
| Day's Range | 4.6400 - 4.8100 |
| 52 Week Range | 1.4100 - 10.8200 |
| Volume | 3,681,720 |
| Avg. Volume | 8,801,422 |
| Market Cap | 5.821B |
| Beta (5Y Monthly) | 3.48 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.4240 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Mar. 12, 2020 |
| 1y Target Est | 10.85 |
- The Motley Fool
Why These 3 TSX Stocks Rallied on Thursday
Parex Resources (TSX:PXT), First Quantum (TSX:FM), and Cenovus Energy (TSX:CVE)(NYSE:CVE) are among the top TSX gainers on Thursday. Let’s find out why they’re rising.The post Why These 3 TSX Stocks Rallied on Thursday 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 Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,294.38, down 270.37 points.)Bonavista Energy Corp. (TSX:BNP). Energy. Down 1.5 cents, or 21.43 per cent, to 5.5 cents on 19.1 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Down 1.5 cents, or 3.26 per cent, to 44.5 cents on 9.4 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Down three cents, or 4.55 per cent, to 63 cents on 8.1 million shares.Cenovus Energy Inc. (TSX:CVE). Energy. Down 14 cents, or 2.2 per cent, to $6.22 on 6.8 million shares.Suncor Energy Inc. (TSX:SU). Energy. Down $1.09, or 4.57 per cent, to $22.75 on 6.75 million shares.Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down 72 cents, or 2.98 per cent, to $23.42 on 6.7 million shares.Companies in the news:GFL Environmental Inc. (TSX:GFL). Up 45 cents or 1.8 per cent to $24.95. GFL Environmental Inc. has signed a deal to buy a portfolio of integrated solid waste collection, transfer, recycling and disposal assets in the United States for US$835 million. GFL said Wednesday the deal extends its reach into new and adjacent markets and forms a base for potential deals. The assets are being sold as a result of the acquisition of Advanced Disposal Services Inc. by a wholly owned subsidiary of Waste Management Inc., which announced a deal earlier this year. The assets being acquired by GFL include 32 collection operations, 36 transfer stations and 18 landfills supported by 380 collection vehicles across 10 U.S. states.Barrick Gold Corp. (TSX:ABX). Up 24 cents to $35.05. Owners of the Porgera gold mine in Papua New Guinea say they will lay off 2,650 local mine workers by the end of July as the result of a continuing dispute with the federal government. Barrick Niugini Ltd., the joint venture mine owner and operator that is owned 47.5 per cent each by Canada's Barrick Gold Corp. and partner Zijin Mining Group of China, says the cost of the layoffs will be more than US$52 million. It says most of the 116 expatriate employees have already been laid off. Production was halted in April and the mine placed on care and maintenance after the government said it would not extend its special mining lease. Workers were temporarily kept on the payroll.Indigo Books & Music Inc. (TSX:IDG). Down nine cents or 8.7 per cent to 94 cents. Indigo Books & Music Inc. expects at least 10 to 12 months of a "damaging set of conditions" from the COVID-19 pandemic, said chief executive Heather Reisman, the day after the company reported a fourth-quarter loss of $171.3 million. She said governments deemed the Toronto-based retailer as non-essential so it was forced to close all 196 of its stores two weeks before the close of its financial year, which ended March 28. Prior to the closures, the company expected to close its financial year with an essentially flat figure for adjusted earnings before interest, taxes, depreciation and amortization, she said.This report by The Canadian Press was first published June 24, 2020.The Canadian Press
- The Motley Fool
TSX Stocks: 3 Canadian Giants That Have Risen 100% Since the COVID-19 Crash
While some top TSX stocks have more than doubled since the crash, some have shown no signs of revival. Do you own these Canadian titans?The post TSX Stocks: 3 Canadian Giants That Have Risen 100% Since the COVID-19 Crash appeared first on The Motley Fool Canada.
- The Motley Fool
Canadian Blue Chips: Top Gainer and Loser TSX Stocks of 2020
TSX stocks: Shopify (TSX:SHOP)(NYSE:SHOP) keeps the throne among top gainers while Bombardier (TSX:BBD.B) tops the chart among losers. The post Canadian Blue Chips: Top Gainer and Loser TSX Stocks of 2020 appeared first on The Motley Fool Canada.
- The Motley Fool
2 Top Stocks to Double Your Money
There are plenty of top stocks trading at a discount, but these two stand a solid chance of doubling in the next year or so.The post 2 Top Stocks to Double Your Money appeared first on The Motley Fool Canada.
- The Motley Fool
Momentum Investors: 2 Soaring Stocks That Could Double by 2021
These two cheap commodity stocks are finally on a roll and could go much higher.The post Momentum Investors: 2 Soaring Stocks That Could Double by 2021 appeared first on The Motley Fool Canada.
- 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.
- 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.
- 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.
- The Motley Fool
3 Stocks You Shouldn’t Waste Your $2,000/Month CERB Payment On
Investors should steer clear of Bombardier, Inc. (TSX:BBD.B) and these two other stocks.The post 3 Stocks You Shouldn't Waste Your $2,000/Month CERB Payment On appeared first on The Motley Fool Canada.
- 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.
- 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.
- 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.
- 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.
- 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
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
