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Cenovus is a Canadian integrated gas and oil company based in Calgary. If companies producing oil were to disappear from the world, life would come to a standstill. Not only are investors not yet very much invested into the sector but they haven’t even begun to think about ...
Amid strong global demand coming out of this pandemic, inflation around the world has begun to pick up. In a bid to battle this inflation, central banks everywhere are tightening monetary policy. For stocks and other assets, this has translated into lower valuations. Unfortunately for C...
Looking for oil stocks to buy in the second half of 2022? If so, there are plenty of good options to choose from. Many Canadian oil companies have high earnings growth, pristine balance sheets, and strong cash flows. Even if oil prices go down, many of them will do well. With that b...
Energy stock prices collapsed rapidly this month, falling 25% from June 8 to June 23 (as measured by the S&P/TSX Capped Energy Index). It was the first truly major dip this year in an otherwise uninterrupted rise for oil stocks. This year, a combination of global conflict and supply cha...
Many economists think that we’re about to enter a recession. Canada’s most recent GDP reading was pretty strong, but the U.S. recorded negative GDP growth earlier this year. If the U.S. records another quarter of negative GDP growth, then it will enter a technical recession. ...
CVE's operating metrics look decent as a "new kid on the block," in comparison to old-timers such as CVX, XOM, and OXY. Its determination to deleverage and expand production capacity takes precedence for now, prior to the speculative return of its regular dividend payouts. We are ...
The broader basket of energy stocks slipped into correction territory, thanks in part to recent weakness in the price of oil. Though it seems like a blow-off top for various commodities, I’d argue that the macro picture still allows for a “higher-for-longer” environment...
This month, the price of oil crashed, falling from a peak of $123 to a low of $102.80 — a 16.2% decline. WTI crude prices were impacted by a number of factors this month, including the U.S.’s strategic petroleum reserve (SPR) release, and Joe Biden’s planned meeting wit...
One of the leading integrated players in the energy sector, Cenovus (TSX:CVE) (NYSE:CVE) is one company many investors have done well with over the past year. Of course, following the onset of the pandemic, this wasn’t true at all. But with investors choosing more defensi...
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...
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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...