AlexLMX All financial numbers in this article are in Canadian dollars unless noted otherwise. Please note that oil and gas prices are always in US dollars. Introduction Buy every oil dip you see! The quote above is from a hedge fund newsletter I read yesterday. While I always call for prudent financial management, I'm one of the people who have been buying energy equities rather aggressively over the past few years. Especially over the past three quarters, I have been an avid buyer, as I believe energy ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividen ...

Cenovus Energy Inc. (CVE) reported first-quarter 2024 adjusted earnings per share of 46 cents, which beat the Zacks Consensus Estimate of 35 cents. The bottom line also increased from the year-ago quarter’s figure of 24 cents.Total quarterly revenues of $9.94 billion missed the Zacks Consensus Estimate of $9.98 billion. The top line, however, increased from the year-ago quarter’s level of $9.07 billion.Strong quarterly earnings can be primarily attributed to higher contributions from the Oil Sands unit and ...

CALGARY, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) held its annual meeting of shareholders on May 1, 2024. Each matter voted on is described in greater detail in the Corporation's 2024 Management Information Circular dated March 6, 2024. Shareholders voted as follows on the matters before the meeting: Appointment of Auditor PricewaterhouseCoopers LLP, Chartered Professional Accountants, was reappointed as auditor of the Corporation. Votes forVotes withheldNumberPerce ...

Jason Abbate - SVP, IR Jon McKenzie - CEO Kam Sandhar - EVP, Strategy & Corporate Development Drew Zieglgansberger - EVP, Natural Gas & Technical Services Keith Chiasson - EVP, Downstream Operator Thank you, operator. Good morning everyone and welcome to Cenovus' 2024 first quarter results conference call. On the call this morning, our CEO, Jon McKenzie, will take you through our results. Then we'll open the line for Jon and members of the Cenovus management team to take your questions. Company Participants ...

Cenovus Energy (CVE) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 31.43%. A quarter ago, it was expected that this oil company would post earnings of $0.25 per share when it actually produced earnings of $0.29, delivering a surprise of 16%.Over the last four quarters, the company h ...

CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) will release its first-quarter 2024 results on Wednesday, May 1. The news release will provide consolidated first-quarter operating and financial information. The company's financial statements will be available on Cenovus's website, cenovus.com. Conference call: 9 a.m. MT (11 a.m. ET) To join the conference call without operator assistance, please register here approximately 5 minutes in advance to receive an auto ...

CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its first-quarter 2024 results on Wednesday, May 1. The news release will provide consolidated first-quarter operating and financial information. The company’s financial statements will be available on Cenovus’s website, cenovus.com. Conference call: 9 a.m. MT (11 a.m. ET) To join the conference call without operator assistance, please register here approximately 5 minutes in advance to receive an aut ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?Developed alongsid ...

Investors are always looking for stocks that are poised to beat at earnings season and Cenovus Energy Inc. (CVE) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Cenovus Energy is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty ...