Cenovus Energy (CVE) Stock Sinks As Market Gains: Here's Why
In the latest trading session, Cenovus Energy (CVE) closed at $16.20, marking a -0.25% move from the previous day.
Cenovus Energy: Once More, But With Feeling
Cenovus Energy's stock has seen no price returns since July 2023, but this presents a buying opportunity due to its compelling valuation. Despite a production beat, Q2 2024 results missed AFFO expectations due to poor refining margins. The net debt target is in the rearview mirror, and big buybacks are right ahead.
Cenovus (CVE) Q2 Earnings Lag Estimates on Higher Expenses
A decline in production in the Canadian Manufacturing Unit and higher expenses hurt Cenovus' (CVE) Q2 earnings.
Cenovus Energy: One Of My Best Ideas In Oil & Gas
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.
Cenovus Energy Inc. (CVE) Q2 2024 Earnings Call Transcript
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.
Cenovus Energy (CVE) Lags Q2 Earnings Estimates
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.
Canada's Cenovus Energy posts higher second-quarter profit estimates
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.
Cenovus Energy (CVE) Earnings Expected to Grow: Should You Buy?
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.
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Cenovus Energy (CVE) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Cenovus Energy (CVE) have what it takes?
Cenovus Energy (CVE) Demobilizes Workers Over Wildfire Risks
Cenovus Energy (CVE) states that its operations remain unaffected at the Sunrise facility, although it is demobilizing staff that is not directly involved in operations.
Cenovus Energy: Doubts Creep In
The stock price took years to respond to the profitability improvements made after the acquisition of the ConocoPhillips Partnership interest. It is therefore not surprising that the stock has not responded to more cash available to return to shareholders in the near future, even after the 29% dividend increase. The refining business should show profitability growth both this fiscal year and for at least a couple more years.
