Cenovus Energy: Even More Attractive
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.
Cenovus: Record Valuation Discount Could Set Up Strong Returns
Cenovus delivered a solid Q3 with upstream production above expectations as the turnaround at Christina Lake was finished ahead of time. Downstream remains a drag on group performance, yet management is actively adressing challenges, with key work at its Lima refinery done during the turnaround and feedstock cost effects likely easing. With relative valuation at its lowest in several years, we reiterate shares at Overweight and a ~84% upside to our US$30/sh price target.
3 Under-the-Radar Oil Stocks to Keep Your Eye On
A second Trump administration is likely to affect most, if not all, corners of the stock market, there are few areas expected to be impacted as significantly as the energy sector.
Cenovus Energy: The Optimization Continues
Cenovus Energy should perform better as an integrated company than it did in the past when the business was mostly upstream during cyclical downturns. Earnings showed improvement over the past. The progress will become significant to the market. Heavy Oil and Oil Sands offer the most significant cost reduction potential.
Cash-Flow Gusher: Why Cenovus Remains One Of My Favorite Energy Plays
Canada's rich reserves and export growth make Cenovus Energy a compelling dividend stock, especially with rising U.S. demand and expanded access to Asian markets. Cenovus' integration of upstream and downstream assets strengthens its profitability. Strategic pipelines and refinery access further boost its long-term value. With steady cash flow, a solid balance sheet, and aggressive shareholder returns, CVE is well-positioned for growth, making it a key pick for dividend income.
Cenovus Energy Q3 Earnings Miss Estimates on Lower Production
CVE's Q3 earnings lag estimates but revenues beat the same. Both the top and bottom lines decrease year over year.
Cenovus Energy Inc. (CVE) Q3 2024 Earnings Conference Call Transcript
Cenovus Energy Inc. (NYSE:CVE ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Patrick Read - VP, IR Jon McKenzie - CEO Kam Sandhar - EVP, Strategy and Corporate Development Keith Chiasson - EVP, Downstream Geoff Murray - EVP, Commercial Conference Call Participants Dennis Fong - CIBC World Markets Greg Pardy - RBC Capital Markets John Royall - JPMorgan Menno Hulshof - TD Securities Neil Mehta - Goldman Sachs Manav Gupta - UBS Travis Wood - National Bank Financial Patrick O'Rourke - ATB Capital Markets Operator Good morning, ladies and gentlemen. Welcome to Cenovus Energy's Third Quarter Results Conference Call.
Cenovus Energy (CVE) Misses Q3 Earnings Estimates
Cenovus Energy (CVE) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.72 per share a year ago.
Analysts Estimate Cenovus Energy (CVE) to Report a Decline in Earnings: What to Look Out for
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.
Cenovus Energy Will Shine In Any Bear Market
Cenovus Energy has been an integrated producer for a short time. But it has a growth story that goes back a decade. Both stories should result in a higher valuation. The company's strategic cost-cutting and optimization efforts continue to bear positive results, which enhances the growth story. Cenovus Energy should perform better in a cyclical downturn as an integrated company than it did as a thermal upstream producer (subject to the thermal discount enlarging).
US-based Cenovus refinery to pay penalty for violating emissions rules
A U.S.-based refinery owned by Canada's Cenovus Energy will pay a $19 million penalty and spend an estimated $150 million in capital investments after violating emissions rules, U.S. authorities said on Friday.
Why Cenovus Energy (CVE) Dipped More Than Broader Market Today
Cenovus Energy (CVE) concluded the recent trading session at $17.11, signifying a -0.64% move from its prior day's close.
