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Market Cap 35.32B P/E 8.98 EPS this Y 27.10% Ern Qtrly Grth -5.20%
Income 4.07B Forward P/E 7.41 EPS next Y 11.70% 50D Avg Chg 8.00%
Sales 52.2B PEG 0.84 EPS past 5Y 45.90% 200D Avg Chg 3.00%
Dividend 3.00% Price/Book 1.32 EPS next 5Y 17.57% 52W High Chg -16.00%
Recommedations 2.00 Quick Ratio 0.88 Shares Outstanding 1.87B 52W Low Chg 29.00%
Insider Own 31.50% ROA 6.16% Shares Float 1.32B Beta 2.78
Inst Own 55.37% ROE 14.60% Shares Shorted/Prior 33.20M/28.29M Price 18.59
Gross Margin 21.06% Profit Margin 7.87% Avg. Volume 6,717,809 Target Price 23.75
Oper. Margin 7.56% Earnings Date May 1 Volume 9,324,919 Change -2.11%
About Cenovus Energy Inc

Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segment assets include Foster Creek, Christina Lake, and Sunrise projects, as well as Lloydminster thermal and conventional heavy oil assets. The Conventional segment holds natural gas liquids and natural gas assets primarily located in Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake operating in Alberta and British Columbia, as well as interests in various natural gas processing facilities. The offshore segment engages in offshore operation, exploration, and development activities in China and the East Coast of Canada. The Canadian Refining segment owns and operates Lloydminster upgrading and asphalt refining complex, which converts heavy oil and bitumen into synthetic crude oil, diesel, asphalt, and other ancillary products, as well as Bruderheim crude-by-rail terminal and ethanol plants. The U.S. Refining segment refines crude oil to produce gasoline, diesel, jet fuel, asphalt, and other products. Cenovus Energy Inc. is headquartered in Calgary, Canada.

CVE Chatroom

User Image davooo Posted - 2 hours ago

$CVE From OilPrice; Oil prices are set to post a gain this week as a combination of inventory declines, a slowdown in U.S. manufacturing, and escalating tensions in the Middle East boost bullish sentiment. Investor sentiment and behavior, particularly from hedge funds and other money managers, significantly influenced the oil market trends. Over the past week, there was a notable shift in positions, as evidenced by movements in futures and options contracts. Fund managers increased their net long positions in Brent crude, indicating a bullish outlook on potential supply disruptions due to Middle Eastern tensions. However, the sentiment was not uniformly bullish across all petroleum markets. 😳

User Image itsgud2bking Posted - 17 hours ago

$CVE Oil climbed nice today ... Should see good push tomorrow...

User Image ArcValueTrade Posted - 19 hours ago

Natural Gas, Oil ,Gold, Silver, US Dollar Price Forecast: Support & Resistance Strategy Guide Video: https://www.youtube.com/watch?v=MNb6b0KSRGs -- UNG Natural Gas back to falling wedge pattern. $XOM $OXY $VLO $CVE $MPC

User Image davooo Posted - 1 day ago

$CVE From OilPrice: Positive notes for the bulls coming from StanChart, as they forecast that global oil demand will pick up strongly in May and June, exceeding 103 mb/d for the first time in May (at 103.15 mb/d), increasing further in June to 103.82 mb/d. The commodity experts have predicted global inventory draws of 1.53 mb/d in May and 1.69 mb/d in June, tightening physical spreads significantly. StanChart also says that OPEC is unlikely to increase output in the near-term thanks to the stall in the oil price rally despite having room for at least 1 mb/d of extra OPEC output in Q3 without increasing inventories. 🗞️

User Image davooo Posted - 1 day ago

$CVE From OilPrice: Positive notes for the bulls coming from StanChart, as they forecast that global oil demand will pick up strongly in May and June, exceeding 103 mb/d for the first time in May (at 103.15 mb/d), increasing further in June to 103.82 mb/d. The commodity experts have predicted global inventory draws of 1.53 mb/d in May and 1.69 mb/d in June, tightening physical spreads significantly. StanChart also says that OPEC is unlikely to increase output in the near-term thanks to the stall in the oil price rally despite having room for at least 1 mb/d of extra OPEC output in Q3 without increasing inventories. 😜

User Image Stock_Titan Posted - 1 day ago

$CVE Cenovus to hold first-quarter conference call and webcast, virtual annual meeting of shareholders on May 1 https://www.stocktitan.net/news/CVE/cenovus-to-hold-first-quarter-conference-call-and-webcast-virtual-bwzu6lr0d5gc.html

User Image ArcValueTrade Posted - 2 days ago

Natural Gas, Oil ,Gold, Silver, US Dollar Price Forecast:. Support & Resistance Strategy Guide Video: https://www.youtube.com/watch?v=H5TT_447Icc -- UNG Natural Gas bulls potential inverse H&S pattern . $XOM $OXY $VLO $CVE $MPC

User Image itsgud2bking Posted - 2 days ago

$CVE 8 more to break 5000 watchers ...Completely undervalued the

User Image davooo Posted - 5 days ago

$CVE From OilPrice: “During the quarter, we continued to benefit from our favorable exposure to the international markets, with remarkable year-on-year growth of 29% in the Middle East & Asia, in addition to growth of 18% in Europe & Africa,” Le Peuch added. Following an “exciting start to the year”, SLB expects growth momentum to continue, the executive noted. “The oil and gas industry continues to benefit from strong market fundamentals driven by a growing demand outlook. This is resulting in a significant baseload of activity, particularly in the international and offshore markets, closely aligned with the strengths of our business,” Le Peuch said. 😞

User Image ArcValueTrade Posted - 6 days ago

Natural Gas, Oil ,Gold, Silver, US Dollar Price Forecast:. Support & Resistance Strategy Guide Video: https://www.youtube.com/watch?v=55FgVBIFy2E -- UNG Natural Gas bulls holding support needs to play offence $XOM $OXY $VLO $CVE $MPC

User Image itsgud2bking Posted - 6 days ago

$CVE I like the last paragraph in the post

User Image itsgud2bking Posted - 6 days ago

$CVE Valero, Chevron buy oil off Trans Mountain in West Coast first | Financial Post https://financialpost.com/commodities/energy/oil-gas/valero-chevron-buy-oil-trans-mountain-west-coast

User Image itsgud2bking Posted - 1 week ago

$CVE

User Image Dustybootss Posted - 1 week ago

$CVE oil up

User Image ArcValueTrade Posted - 1 week ago

Natural Gas, Oil ,Gold, Silver, US Dollar Price Forecast:. Support & Resistance Strategy Guide Video: https://www.youtube.com/watch?v=8breU245WLc -- UNG Natural Gas bulls holding support needs to play offence. $XOM $OXY $VLO $CVE $MPC

User Image Dustybootss Posted - 1 week ago

$CVE go baby go

User Image davooo Posted - 1 week ago

$CVE The EIA is the most bullish on long-term oil demand, and has predicted a demand peak will come in 2050 while the OPEC Secretariat sees it coming five years earlier. Meanwhile, Standard Chartered has predicted global oil demand will hit 110.2 mb/d in 2030 and increase further to 113.5 mb/d in 2035. However, the commodity experts have not projected a demand peak beyond the end of their modeling horizon in 2035. According to StanChart, a structural long-term peak is very unlikely within 10 years 😁

User Image davooo Posted - 1 week ago

$CVE From OilPrice: Despite the IEA’s continued efforts to draw attention to the dire state of the energy industry and the need to make an imminent shift away from fossil fuels in favour of green alternatives, governments and private companies have continued to fund oil, gas and coal projects. Some are doing this because they view fossil fuels as necessary for energy security and others are doing it for the high revenues that oil and gas bring to the table. 🌹🌹

User Image ArcValueTrade Posted - 1 week ago

Natural Gas, Oil ,Gold, Silver, US Dollar Price Forecast:. Support & Resistance Strategy Guide Video: https://www.youtube.com/watch?v=4t_0WfKjW2c -- UNG Natural Gas bulls holding support needs to play offence . $XOM $OXY $VLO $CVE $MPC

User Image TheTradingAgent Posted - 1 week ago

$XOP daily, gap filled from the past. Now? $OXY $XOM $VLO $CVE Daily Review https://youtu.be/5wMcWNPViK0

User Image itsgud2bking Posted - 1 week ago

$CVE Iran has escalated the conflict by sending drones into Israel.. Which will probably have a response from Israel...

User Image davooo Posted - 1 week ago

$CVE From OilPrice: The U.S. expects to hit more record highs The U.S. expects to hit more record highs for crude production in 2024 and 2025, according to the U.S. Energy Information Administration (EIA). By the end of the year, U.S. oil production is expected to increase by 290,000 bpd to 13.21 million bpd. The government expects to continue to produce near-record levels of oil and gas up to 2050, which will produce a massive amount of greenhouse gas emissions. This strategy appears to be at odds with Biden’s ambitious climate pledges and could put Paris Agreement targets at risk on a global level. for crude production in 2024 and 2025, according to the U.S. Energy Information Administration (EIA). By the end of the year, U.S. oil production is expected to increase by 290,000 bpd to 13.21 million bpd. The government expects to continue to produce near-record levels of oil and gas up to 2050.🍄🍄

User Image ArcValueTrade Posted - 1 week ago

Natural Gas, Oil ,Gold, Silver, US Dollar Price Forecast: Support & Resistance Strategy Guide Video: https://www.youtube.com/watch?v=RSB2EtgOILo -- UNG Natural Gas bulls holding support needs to play offence. $XOM $OXY $VLO $CVE $MPC

User Image Dustybootss Posted - 2 weeks ago

$CVE war oil production pipeline

User Image itsgud2bking Posted - 2 weeks ago

$CVE Whew rough day

User Image Dustybootss Posted - 2 weeks ago

$CVE https://boereport.com/2024/04/11/cenovus-energy-to-invest-1-5-billion-in-ohio-refineries-local-media/

User Image uppalapatikc Posted - 2 weeks ago

$CVE Why is this down a lot today?

User Image TheTradingAgent Posted - 2 weeks ago

$XOP daily, like a lot of oil names, at range highs. $XOM $OXY $CVE Review https://youtu.be/n5DJPtvskM0

User Image faken204 Posted - 2 weeks ago

$CVE keep going :)

User Image Dustybootss Posted - 2 weeks ago

$CVE new pipleline production is going to FLY

Analyst Ratings
Morgan Stanley Overweight Mar 28, 24
RBC Capital Outperform Jan 26, 24
National Bank Financial Inc Outperform Jun 29, 23
Goldman Sachs Buy Jun 6, 23
RBC Capital Outperform May 30, 23
RBC Capital Outperform Apr 27, 23
Goldman Sachs Neutral Nov 21, 22
Credit Suisse Outperform Jun 9, 22
Goldman Sachs Buy May 20, 22