Cenovus Energy Inc. Aktie News

CALGARY, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) held its annual meeting of shareholders on May 1, 2024. Each matter voted on is described in greater detail in the Corporation's 2024 Management Information Circular dated March 6, 2024.

Cenovus Energy Inc. (NYSE:CVE ) Q1 2024 Earnings Conference Call May 1, 2024 11:00 AM ET Company Participants Jason Abbate - SVP, IR Jon McKenzie - CEO Kam Sandhar - EVP, Strategy & Corporate Development Drew Zieglgansberger - EVP, Natural Gas & Technical Services Keith Chiasson - EVP, Downstream Conference Call Participants Greg Pardy - RBC Capital Markets Dennis Fong - CIBC Menno Hulshof - TD...

CALGARY, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered solid results across its portfolio in the first quarter of 2024. Production from its upstream assets remained strong through the quarter, and reflects scheduled maintenance in the Atlantic region. The downstream assets continued to run with high operational availability, allowing them to bene...

CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its first-quarter 2024 results on Wednesday, May 1. 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 has announced a $1.5 billion investment in its Ohio refineries, including Lima and Oregon, according to a local media report on Wednesday.

Startup of the Canadian Trans Mountain Pipeline will ease previous transportation bottlenecks and likely provide a significant tailwind to local benchmark WCS pricing. While all Canadian majors should profit from this, I see Cenovus Energy as having the most leverage towards both WCS differentials and a generally favorable oil price outlook. I estimate CVE can hit its net debt target by Q3, all...

Cenovus is a high-margin integrated oil company with dividends covered even with US$45-WTI. The company is about to switch to a 100% payout ratio, which could force the market to pay more for the stock. With a current stock price of C$29 and oil prices at $80-WTI, the dividend+buyback yield could reach 15% by 2025.

Cenovus Energy has a history of significant integration and opportunistic acquisitions. Margin expansion and above average growth should continue for years to come. The company's cash flow has about tripled (by fiscal 2022) in less than seven years, and it is expected to continue growing.