If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Cenovus Energy (CVE) . This company, which is in the Zacks Oil and Gas - Integrated - Canadian industry, shows potential for another earnings beat.This oil company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 15.14% ...

Cenovus Energy Inc. (CVE) has taken a firm stance against the Canadian government, expressing dissatisfaction with the level of financial support extended to the oil-sands industry's ambitious C$16.5 billion carbon capture system, per a Bloomberg report.The federal government's proposed tax credits, covering only half of the capital costs, and Alberta's 12% subsidy have fallen short of Cenovus' expectations. Although Canada offers operating cost support through contracts guaranteeing a profitable carbon pri ...

Cenovus Energy Inc. (CVE) unveiled plans on Tuesday to ramp up its energy production by an impressive 19% over the next five years. This ambitious move comes in tandem with the expansion of Canada's pipeline capacity, signaling a pivotal shift in the country's oil landscape.On Cenovus Energy's annual investor day in Toronto, Drew Zieglgansberger, the company’s chief commercial officer, underscored the importance of the expansion. He emphasized that it signifies a fresh avenue into global markets, highlighti ...

CALGARY, Alberta, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) will hold its 2024 Investor Day in Toronto on Tuesday, March 5, 2024, at 8:30 a.m. ET (6:30 a.m. MT). Members of Cenovus's Leadership Team will provide an update on the company's strategy, outlook and operations to invited institutional investors and analysts. To accommodate a broader audience, the presentation will be webcast. The webcast and presentation will be available at cenovus.com by registering in advance a ...

Bet_Noire 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 Two years ago, I came out as a huge fan of Canadian energy companies, as the nation's big oil names, Canadian Natural (CNQ), Suncor (SU), and Cenovus Energy (NYSE:CVE), have everything I'm looking for in oil companies: Deep reserves, which lowers the risks of "forced" M&A to keep production numbers steady. Efficient production provides th ...

Cenovus Energy Inc. (CVE) reported fourth-quarter 2023 adjusted earnings per share of 29 cents, which beat the Zacks Consensus Estimate of 25 cents. The bottom line is in line with the year-ago quarter’s 29 cents.Total quarterly revenues of $9.65 billion missed the Zacks Consensus Estimate of $9.73 billion. The top line also declined from the year-ago quarter’s $10.36 billion.Strong quarterly earnings can be primarily attributed to higher contributions from the Oil Sands unit and lower expenses.Operational ...

bjdlzx Cenovus Energy Inc. (NYSE:CVE) just announced that they reduced debt by more than C$900 million. At the current pace of debt retirements, management should achieve net debt of C$4 billion early in the second quarter. Even if they reduce net debt in the future by half that pace, the amount of free cash flow available to shareholders will go from 50% to 100% within the next fiscal year. At least some of that will go to more dividends in the future. That "some more" could amount to a rather generous ...

Exhibit 99.2 Cenovus Energy Inc. Interim Consolidated Financial Statements (unaudited) For the Periods Ended December 31, 2023 (Canadian Dollars) CONSOLIDATED FINANCIAL STATEMENTS (unaudited) CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (UNAUDITED) 3 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) 4 CONSOLIDATED BALANCE SHEETS (UNAUDITED) 5 CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED) 6 CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) 7 NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMEN ...

Cenovus Energy Inc. (NYSE:CVE) Q4 2023 Earnings Conference Call February 15, 2024 11:00 AM ET Company Participants Jason Abbate - Senior Vice President, Investor Relations Jon McKenzie - Chief Executive Officer Keith Chiasson - Executive Vice President, Downstream Kam Sandhar - Executive Vice President, Strategy & Corporate Development Drew Zieglgansberger - Executive Vice President, Natural Gas & Technical Services Rhona DelFrari - Chief Sustainability Officer & Senior Vice President Conference Call Parti ...

Oil Sands 600 Conventional 125 Offshore 65 770 - 810 MBOE/d shareholder | --- | --- | |--------------------------------|----------------| | Upstream Production | 809 MBOE/d | | Downstream Throughput | 579 Mbbls/d | | Cash From Operating Activities | $2,946 million | | Adjusted Funds Flow1 | $2,062 million | | Free Funds Flow1 | $892 million | | Capital Investments | $1,170 million | | Net Debt | $5,060 million | | Long Term Debt | $7,108 million | Committed to maintaining minimum mid-BBB investment grade cr ...