In the latest market close, Cenovus Energy (CVE) reached $16.20, with a -0.25% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.54% for the day. Elsewhere, the Dow saw an upswing of 0.72%, while the tech-heavy Nasdaq appreciated by 0.65%. Heading into today, shares of the oil company had lost 18.27% over the past month, lagging the Oils-Energy sector's loss of 3.91% and the S&P 500's gain of 4.86% in that time. The investment community will be closely ...

Hill Street Studios/DigitalVision via Getty Images We have been fairly constructive on Cenovus Energy (TSX:CVE:CA) in our recent work. We gave it a buy rating in the last two articles and also found a way to dig some returns out of the Husky preferred shares. Cenovus: Three Headwinds Explain The Underperformance cwrEF, CVE • Dec. 15, 2023 • 63 Comments • Make Analysts Pick BDY Cenovus Energy: Preferred Shares Look Incredibly Attractive CVE, CVE.PR.A:CA ・Jul. 14, 2023 ・50 Comments ・Make Analyst's Pick BUY Se ...

Cenovus Energy Inc. (CVE) reported second-quarter 2024 adjusted earnings per share of 39 cents, which missed the Zacks Consensus Estimate of 52 cents. However, the bottom line increased from the year-ago quarter's figure of 33 cents. Total quarterly revenues of $10.88 billion topped the Zacks Consensus Estimate of $9.78 billion. The top line also increased from the year-ago quarter's level of $9.1 billion. The weaker-than-expected quarterly earnings can be primarily attributed to a significant decline in pr ...

1 -1 C F 車 ImagineGolf All financial numbers in this article are in Canadian dollars unless noted otherwise. Please note that oil and gas prices are always in U.S. dollars. Introduction "Nobody" is bullish on commodities anymore. As reported by Bloomberg on August 2, hedge funds (money managers) have turned bearish on commodities for the first time since 2016. In this case, "bearish" is defined by having net short positions, as the chart below shows. Bloomberg This is absolutely fascinating, as 2016 was a h ...

Cenovus Energy Inc. (NYSE:CVE) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Patrick Read - Vice President, Investor Relations Jon McKenzie - Chief Executive Officer Keith Chiasson - Executive Vice President, Downstream Geoff Murray - Executive Vice-President, Commercial Kam Sandhar - Executive Vice President, Strategy and Corporate Development Jeff Lawson - Senior Vice-President, Corporate Development and Acting Chief Sustainability Officer Conference Call Participants Ne ...

Cenovus Energy (CVE) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -25%. A quarter ago, it was expected that this oil company would post earnings of $0.35 per share when it actually produced earnings of $0.46, delivering a surprise of 31.43%. Over the last four quarters, the compan ...

CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered strong operational performance across its portfolio in the second quarter of 2024, with solid production from its upstream assets and improved crude throughput at the company's U.S. refineries, which operated at an overall utilization rate of 93%. Net debt was $4.26 billion at June 30, 2024, and in July the company achieved its net debt target of $4.0 billion. As a result, beginning in the third quarter, ...

According to the International Atomic Energy Agency (IAEA), nuclear fusion "is the process by which two light atomic nuclei combine to form a single heavier one while releasing massive amounts of energy." One of the key catalysts for fusion-related research is that if the innovation can be replicated at an industrial scale, it could provide practically limitless clean, safe and affordable energy. Chevron (CVX) Integrated oil and gas giant Chevron (NYSE:CVX) is of course known for its hydrocarbon-focused bus ...

From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. It's important to keep in mind that not all companies provide a quarterly payout. Cenovus Energy (CVE) is headquartered in Calgary, and is in the Oils-Energy sector. The stock has seen a price change of 22.7% since the start of the year. The oil company is currently shelling out a dividend of $0.23 per share, with a dividend yield of 2.5 ...

Cenovus Energy Inc. (CVE) has decided to demobilize some of its workers at the Sunrise oil sands site in the wake of blazing wildfires across northern Alberta. The wildfires do not pose any threat to the company's operations at present. However, as a precautionary measure, the staff that is not directly involved in operations is being demobilized from the site. CVE stated that it has been closely communicating with the provincial and municipal agencies to aid their efforts in controlling the situation. The ...