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I believe recession fears on energy demand are overdone and the supply situation will keep prices elevated for an extended time. Cenovus continues to pay off debt and should transition to returning nearly all FCF to investors by 2023. Elevated crack spreads should lead to record p...
Stanley Druckenmiller’s 13F portfolio value decreased from $2.93B to $2.31B this quarter. Duquesne added Teck Resources and Coterra Energy while dropping Alphabet, Carvana, and Palo Alto Networks. They also added a large short position in S&P 500 index through Puts. The...
One of the most consistent things we have seen throughout history is people’s reliance on gold during bear market environments. The rare yellow metal has a long-standing reputation as a reliable hedge against inflationary environments. It makes sense for people to flock towar...
Given the recent stock market correction, even TSX energy stocks have pulled back. Some of Canada’s top energy stocks are down by nearly 10% over the past week. Interestingly, crude oil prices are only down 5%. Any day where oil trades over US$100 per barrel is a great ...
CALGARY, Alberta, June 21, 2022 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced a new and significant commitment to Indspire that will support initiatives across Canada aimed at enhancing education and recognizing the outstanding achievements of Indigenous peo...
If you are sitting on some cash, investing in some high-quality Canadian stocks makes sense. Perhaps the recent correction brings an attractive opportunity to consider these names at a discount. Cenovus Energy Crude oil and natural gas have been trending lower this month on the ...
The broader Canadian stock market has not been doing well lately amid high inflation, interest rate hikes, and rising geopolitical tensions. The S&P/TSX Composite Index is down by 3.17% year to date at writing, reflecting the equity market’s state. However, it isn’t th...
Gold has a long-standing reputation as an inflation hedge. Famed for holding its value when the dollar goes down, it does have some utility. Over the last 100 years, gold has increased in price, while the dollar has become progressively less valuable. So, gold has, over the long term, prote...
Funds flow from operating activities is many times the level before the first acquisition was made roughly 5 years ago. Despite considerable cash flow and earnings improvement, the stock price only recently began appreciating. Funds flow will benefit from the startup of the Superi...
Energy stocks (XLE) have retraced all of their gains since Russia's invasion of Ukraine, are down ~15% from recent highs and still well below all-time highs reached in 2014. Yet oil prices (USO) remain elevated in the face of historic reserve releases and a lockdown of the Chinese econom...
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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...