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CVE Stock News Image - zacks.com

In the latest trading session, Cenovus Energy (CVE) closed at $16.20, marking a -0.25% move from the previous day.

zacks.com 2024 Sep 13
CVE Stock News Image - zacks.com

A decline in production in the Canadian Manufacturing Unit and higher expenses hurt Cenovus' (CVE) Q2 earnings.

zacks.com 2024 Aug 09
CVE Stock News Image - seekingalpha.com

Hedge funds have turned bearish on commodities, similar to 2016. Concerns about China's growth and supply issues are affecting the market. Despite the bearish outlook, there's potential in Canadian energy stocks like Cenovus, which boasts strong assets and a commitment to returning cash to shareholders. Cenovus, with low costs and long reserves, is undervalued. Its focus on debt reduction and generous dividends makes it an attractive investment opportunity.

seekingalpha.com 2024 Aug 04
CVE Stock News Image - seekingalpha.com

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 Neil Mehta - Goldman Sachs Greg Pardy - RBC Dennis Fong - CIBC World Markets Menno Hulshof - TD Cowen John Royall - JPMorgan Manav Gupta - UBS Patrick O'Rourke - ATB Markets Harry Mateer - Barclays Alex Bill - allNewfoundlandLabrador Emma Graney - The Globe and Mail Chris Varcoe - Calgary Herald Robert Tuttle - Bloomberg News Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to Cenovus Energy's Second Quarter Results.

seekingalpha.com 2024 Aug 02
CVE Stock News Image - seekingalpha.com

Cenovus Energy hit the net debt target in July. Cenovus Energy to direct 100% of excess free cash flow to shareholder returns beginning with the third quarter. That is a whole lot more money available to shareholder returns. Cenovus needs a history as an integrated company with optimized acquisitions.

seekingalpha.com 2024 Aug 01
CVE Stock News Image - zacks.com

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.

zacks.com 2024 Aug 01
CVE Stock News Image - reuters.com

Cenovus Energy posted a rise in second-quarter profit on Thursday, as the Canadian oil and gas company benefited from higher throughput volumes and an increase in production.

reuters.com 2024 Aug 01
CVE Stock News Image - globenewswire.com

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, Cenovus will begin returning 100% of excess free funds flow (EFFF) to shareholders, as per the company's shareholder returns framework.

globenewswire.com 2024 Aug 01
CVE Stock News Image - globenewswire.com

CALGARY, Alberta, July 25, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its second-quarter 2024 results on Thursday, August 1. The news release will provide consolidated second-quarter operating and financial information. The company's financial statements will be available on Cenovus's website, cenovus.com.

globenewswire.com 2024 Jul 25
CVE Stock News Image - zacks.com

Cenovus (CVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

zacks.com 2024 Jul 25
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