Previous 10 | Next 10 |
2023-04-14 13:31:13 ET Summary Cenovus Energy Inc. is one of the highest-quality E&Ps in the Canadian oil patch. But its shares have underperformed peers. Given the company’s torque to higher oil prices, we believe the underperformance offers an attractive buying op...
2023-04-05 07:00:00 ET Summary Cenovus Energy Inc. management has tremendously increased the gross income, net income, cash flow, and profitability of the company in general. Industry insiders appear to think the industry is cheap. That is an informed buy signal. The time to s...
2023-04-05 00:18:19 ET Summary OPEC+ decided to cut oil production starting in May by 1.16 million barrels per day. This cut should last through the rest of the year and it seems to solve the disparity that existed between OPEC and the EIA. The move higher is warranted, and in...
2023-04-04 14:00:00 ET Summary March Madness gave way to a banking crisis that shocked the global markets, followed by OPEC+ announcing a surprise cut of ~1.2M barrels of oil per day. Energy was the best-performing sector in 2022, maintaining the title into 2023 with XLE +12% over...
2023-04-03 15:39:11 ET Summary Ovintiv got the shareholder return strategy right in 2022. Ovintiv, however, messed up in a big way on hedging for both 2022 and 2023. This has got the company back doing deals to reduce its gas exposure, and long suffering investors must be pull...
2023-03-30 22:50:07 ET Summary Stanley Druckenmiller’s 13F portfolio value increased from $1.76B to $2.02B this quarter. Duquesne added NVIDIA and increased Eli Lilly, Chevron, Lamb Weston Holdings, and Meta Platforms while decreasing T-Mobile, Datadog, and WillScot Mobile....
2023-03-29 07:31:27 ET QatarEnergy said Wednesday it entered into a farm-in agreement with Exxon Mobil ( NYSE: XOM ) to acquire stakes in two offshore oil and gas exploration blocks in Newfoundland & Labrador in Canada. QatarEnergy agreed to acquire a 28% interest in...
Summary Canadian Natural Resources has been one of the best dividend growth stories in Canada. The company had committed to a 100% free cash flow return policy when net debt reached $8.0 billion. We look at Q4-2022 results and the decision to ramp to start the 100% return policy rig...
Summary Repayment of all debt should be the first priority. Costs are too high to allow for debt on the balance sheet long term. Management is comfortable with a large balance as it tends to "shop" during downturns to find bargains that benefit shareholders. Cenovus demonstrates...
CALGARY, Alberta, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has closed on the transaction to purchase bp’s 50% interest in the bp-Husky Toledo Refinery in Ohio, effective today. Cenovus already owned 50% of the facility, and now owns 100% and assumes oper...
News, Short Squeeze, Breakout and More Instantly...
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...