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Since the purchase of the ConocoPhillips interest in 2017, Cenovus Energy's profits have increased dramatically. The Husky merger should allow profits to make another giant leap. The natural gas interest in the Great Basin is probably worth many times the original value in 2017. ...
The quant rating can be deceiving when it comes to cyclical commodity businesses. Cenovus' CEO has done a great job transitioning the company to become an integrated player in the Canadian oil sands. However, the existing assets have a poor track record. We won’t see CVE's ...
Cenovus is getting closer to the lower end of its net debt target range. Cash returns to shareholders are high already, but they could climb further going forward. Cenovus is pretty inexpensive and could benefit from multiple expansions as shareholder returns increase over time. ...
BP is selling its 50% stake in Toledo Refinery to Cenovus for only $300 million. That is about 0.5 times current EBITDA, or 4 times long-term planning basis EBITDA. It is only about 1% of BP's total EBITDA but illustrates management's inclination to do uneconomic deals for ESG rea...
Cenovus Energy ( NYSE: CVE ) said on Monday it agreed to acquire BP's ( NYSE: BP ) 50% interest in the BP-Husky Toledo Refinery in Ohio for $300M, and will assume operatorship from BP upon closing of the deal. Cenovus ( CVE ) has owned the other 50% of the re...
CALGARY, Alberta, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE), through its U.S. operating business, has reached an agreement to purchase bp’s 50% interest in the bp-Husky Toledo Refinery in Ohio. Cenovus has owned the other 50% of the refinery since i...
As we kick off August, energy stocks are coming back into fashion. During June and July, oil prices trended downward, as the U.S. strategic petroleum reserve (SPR) release increased supply. However, they started rising again last week for reasons that aren’t known yet. Nobody rea...
Energy stocks took a beating in 2020 due to the global pandemic and posted a -30.8% annualized return. If not for the technology sector’s 80.3% gain, the TSX would have finished the year in the red. However, with the return of energy demand with the lifting of COVID restrictions, the...
Athabasca debt load should finally come down at a rapid pace. Athabasca expects a net cash position by yearend. The light oil project should provide relatively reliable cash flow during cyclical downturns in the industry. Murphy Oil gives Athabasca and the light oil joint vent...
Cenovus Energy Inc. (CVE) Q2 2022 Earnings Conference Call July 28, 2022 11:00 AM ET Company Participants Sherry Wendt - Vice President of Investor Relations Alexander Pourbaix - President and Chief Executive Officer Norrie Ramsay - Executive Vice President of Up...
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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...