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Summary Cenovus Energy has delivered a veritable explosion of dividend growth this year, tripling its payout. Over two years, the dividend has grown 400%! The stock still has a relatively low yield but the miniscule 11% payout ratio suggests that there is more growth to come. ...
Summary CVE’s 3Q 2022 financial results were not as strong as in 2Q 2022; however, significantly better than in 3Q 2021. Energy prices will remain high in the following quarters and Cenovus will make considerable profits in 4Q 2022 and 1Q 2023. The company’s cove...
Summary Cenovus delivered another solid quarter with adjusted funds flow of nearly $3 billion and free funds flow of ~$2.1 billion. Net debt has declined to $5.3 billion and Cenovus has guided to hitting their net debt floor by the end of this year. Superior refinery reopening...
Cenovus Energy Inc. (CVE) Q3 2022 Earnings Conference Call November 02, 2022 11:00 AM ET Company Participants Sherry Wendt - Vice President, Investor Relations Alex Pourbaix - President & Chief Executive Officer Keith Chiasson - Executive Vice President Downs...
Cenovus Energy ( NYSE: CVE ) +1.5% pre-market Wednesday after reporting a rise in Q3 profit and higher cash generation, despite increased oil price volatility in the period. Cenovus' ( CVE ) Q3 net earnings tripled to C$1.61B (US$1.18B), or C$0.81/share, from C$5...
Cenovus Energy press release ( NYSE: CVE ): Q3 GAAP EPS of C$0.81 misses by C$0.04 . Revenue of C$17.5B, down from C$19.2B in the second quarter, mainly due to lower benchmark commodity prices, which drove reduced prices for the company’s products across th...
CALGARY, Alberta, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) generated more than $4.0 billion in cash from operating activities, approximately $3.0 billion in adjusted funds flow and nearly $2.1 billion in free funds flow in the third quarter of 2022, drive...
Summary The Marcellus natural gas prices received need to improve. Antero Resources has long been the best natural gas price generator in the basin. Long-term midstream contracts often make received pricing improvements a slow process. Generally, profits are a small portio...
Summary Phillips 66 has a higher distillate yield as compared to its refining peers. That, combined with its advantaged feedstock, gives the company a competitive advantage in the strong diesel market. "Advantaged" because PSX is the largest importer of heavily discounted WCS crud...
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...
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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...