CVE Stock Recent News

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.

In the closing of the recent trading day, Cenovus Energy (CVE) stood at $15.50, denoting a +1.97% change from the preceding trading day.

In the latest trading session, Cenovus Energy (CVE) closed at $15.06, marking a +0.53% move from the previous day.

Cenovus Energy's integrated upstream and downstream operations ensure resilience against market volatility, leading to strong cash flows and consistent financial results. The market is overestimating potential tariffs from the Trump administration, creating a near once-in-a-lifetime buying opportunity for this high-quality business. CVE's oil sands assets have low operating costs and industry-leading efficiency, promising significant capital returns and a sustainable dividend yield of 3.94%.

There is always something on sale, with now being a good time to pick up select names in the energy sector for high yields and value. Cenovus Energy is a Canadian oil and gas giant with integrated operations, offering strong cash flows, disciplined capital allocation, and robust capital returns to shareholders. Plains All American is a large midstream company with extensive infrastructure, strong operational efficiencies, and high yields, benefiting from growth in Permian Basin volumes.

FRO, DHT and CVE have been added to the Zacks Rank #5 (Strong Sell) List on November 19, 2024.

CVE reveals its 2025 plan with up to $5 billion in investments, growth in upstream and downstream operations, key project advancements and enhanced shareholder returns.

CALGARY, Alberta, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2025 corporate guidance, which includes capital investment of $4.6 billion to $5.0 billion, delivering upstream production of 805,000 barrels of oil equivalent per day (BOE/d) to 845,000 BOE/d and downstream crude unit utilization of 90% to 95%. Capital investment in 2025 will include about $3.2 billion of sustaining capital to maintain base production and support continued safe and reliable operations, with an additional $1.4 billion to $1.8 billion directed towards advancing the company's upstream growth projects. Cenovus's disciplined capital plan and strong emphasis on cost control will support continued returns to shareholders of 100% of excess free funds flow (EFFF) over time while maintaining net debt near $4.0 billion.

Cenovus Energy offers a compelling value and income growth opportunity, trading near its 52-week low with a forward P/E of 10.5. CVE's integrated operations, disciplined capital allocation, and strong balance sheet underpin its appeal, with plans to return excess free cash flow to shareholders. Significant production ramp-ups from projects like Christina Lake and West White Rose position CVE for long-term growth despite near-term headwinds from lower commodity prices.

Cenovus Energy's shares have declined, but the company is ramping up cash returns to shareholders, leading to a fast-growing shareholder yield. A favorable US administration, undemanding valuation, and positive business growth outlook make Cenovus Energy an attractive investment. Cenovus generated strong cash flows despite low oil prices, with a 25% operating cash flow yield and an 8x free cash flow multiple.