CVE Stock Recent News

CALGARY, Alberta, May 01, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) will release its first-quarter 2025 results on Thursday, May 8, 2025. 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.

Cenovus Energy acquired Gear Energy's heavy oil assets for C$110 million. The company faces tariff threats due to its significant refining capacity in the U.S. Tariffs could disrupt cost-efficient industry practices, raising costs for American consumers and affecting the balance of payments.

The company expects to increase its production at a 4.40% CAGR between 2024 and 2028. Cenovus has a reasonable debt level. In 2024, it reported a 47.35% liabilities-to-assets ratio. The first DCF model suggests that the company is undervalued by 81.71%, while the pessimistic DCF valuation indicates that CVE is overvalued by 19.63%.

Cenovus Continues its Multi-Year Support of the Skills Canada National Competition Cenovus Continues its Multi-Year Support of the Skills Canada National Competition

Cenovus Energy offers a strong investment opportunity with a low-cost production base, robust balance sheet, and improving downstream performance. Major capital projects nearing completion, such as Narrow Lake and West White Rose, position CVE for significant production and earnings growth. Management's commitment to shareholder returns through growing dividends and share buybacks enhances CVE's appeal for long-term value and income investors.

Cenovus will begin planned maintenance work on multiple units at its 160,000-barrel-per-day refinery in Toledo, Ohio in mid April, a source familiar with plant operations said on Thursday.

Cenovus Energy (CVE) concluded the recent trading session at $14.30, signifying a +1.2% move from its prior day's close.

The Series 5 preferred will be redeemed.  This cuts the amount of preferred outstanding roughly in half when combined with the Series 3 redemption. The net debt level needs to decline to the C$4 billion level again. The capital budget is front end loaded.  Therefore, free cash flow will be higher in the second half of the fiscal year.

In the closing of the recent trading day, Cenovus Energy (CVE) stood at $13.07, denoting a -1.13% change from the preceding trading day.

President Trump aims to lower oil prices, but domestic production growth faces challenges. The administration may turn to OPEC+ and political pressure to boost supply. Despite short-term volatility, my long-term oil thesis remains strong. U.S. producers remain competitive, and global demand continues to grow, supporting energy investments. I focus on high-quality oil and gas stocks with strong balance sheets, low breakeven prices, and deep reserves. These companies offer stability and long-term upside.