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Summary I remain bullish energy and bearish on tech companies. Even after the latest downturn, technology companies still are not cheap. Considering the outlook for interest rates, with some predictions having them top 5%, the broader market also does not look cheap. Cash is m...
CALGARY, Alberta, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its third-quarter results on Wednesday, November 2. The news release will provide consolidated third-quarter operating and financial information. Financial statements will be available...
Did you get a call from the Canada Revenue Agency (CRA) stating that you have exceeded your Tax-Free Savings Account (TFSA) limit? But the bear market has created a Black Friday sale in value and growth stocks you’ve always wanted to buy. Is there a way you can buy those stocks throu...
Summary Since early summer, MEG Energy Corp. has underperformed relative to other oil equities. The likely culprit is the widening WCS-WTI spread. The WCS differential spike appears to be due to temporary factors and should revert to its longer term mean. When the differen...
Stocks staged a massive comeback Thursday, with the Dow Jones Industrial Average surging 1,500 points from peak to trough before finishing just below highs of the days, as traders shook off another hot inflation report. The 30-stock index jumped 827.87 points, or 2.8%, to 30,038.72 ...
C enovus Energy ( TSX:CVE )( NYSE:CVE ) has had quite the run over the last few years. While other oil and gas companies were floundering, Cenovus stock was doing just about the exact opposite. The company was growing, acquiring Husky Energy to turn into the third-larges...
Summary OPEC announced a much larger-than-expected production cut. The organization is flexing its muscles and seeks to keep oil prices at a high level. The supply-demand picture was relatively tight even before this announcement. Bad news for consumers equals good news for en...
Energy stocks have been a bright spot in the Canadian stock market this year. Most of these companies have created value even as the S&P/TSX Composite Index plummeted. That’s the result of an acute global energy crisis. However, like all crises, this one is volatile. Inve...
Summary Cenovus Energy Inc. will grow through small acquisitions and organic growth. Management has a chance to demonstrate higher profits from merger synergies. Cenovus Energy's success in drilling for liquids in the conventional wells should lead to less outside purchases of...
Summary Cenovus Energy is down 40% from June highs and is still trading at lows not seen since February. We think Cenovus stock is investable at current levels and discuss why. Investors looking for growth may find that Cenovus Energy fits into their risk profile. In...
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CALGARY, Alberta, June 20, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE), as a member of Pathways Alliance, today issued the following statement with respect to the Canadian government’s Bill C-59. As one of the largest oil sands companies in Canada, and a membe...
2024-06-07 15:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-30 03:50:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...