CALGARY, Alberta, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2025 corporate guidance, which includes capital investment of $4.6 billion to $5.0 billion, delivering upstream production of 805,000 barrels of oil equivalent per day (BOE/d) to 845,000 BOE/d and downstream crude unit utilization of 90% to 95%. Capital investment in 2025 will include about $3.2 billion of sustaining capital to maintain base production and support continued safe and reliable op ...

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CALGARY, Alberta, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (“Cenovus” or the “Company”) (TSX: CVE) (NYSE: CVE) announced today it will exercise its right to redeem the Company’s 4.689% Series 3 Preferred Shares (the “Series 3 Preferred Shares”) on December 31, 2024 (the “Redemption”). All 10 million Series 3 Preferred Shares outstanding will be redeemed at the price of $25.00 per share, for an aggregate amount payable to holders of $250 million, less required withholdings, if any, funded primar ...

We named Cenovus Energy (NYSE: CVE ) our top pick among Canadian oils earlier this year as we highlighted its potential to pay out ~1/3 of its market cap over the next 2 years after management announced it would return 100% of (excess) FCF. SinceAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving ...

A second Trump administration is likely to affect most, if not all, corners of the stock market, there are few areas expected to be impacted as significantly as the energy sector. Green energy stocks, which had benefited from the Inflation Reduction Act of 2022, experienced a decline immediately following the U.S. election. By contrast, many traditional energy companies have risen in the same timeframe. The energy sector is heavily influenced by the political landscape, and some investors are optimistic tha ...

CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that the Toronto Stock Exchange (“TSX”) has approved the renewal of the company’s normal course issuer bid (“NCIB”) to purchase up to 127,489,549 common shares during the 12-month period commencing November 11, 2024 and ending November 10, 2025. Cenovus’s renewal of its share buyback program is consistent with the company’s capital allocation framework, which supports enhancing value for investors ...

I analyze oil and gas companies like Cenovus Energy and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up he ...

Group 1 - The article discusses the increasing interest in Canadian oil and gas investments, specifically highlighting Canadian Natural Resources (CNQ) as a key investment opportunity [1] - The author has a beneficial long position in CNQ shares, indicating confidence in the company's future performance [2] - The article emphasizes the importance of in-depth research on various income alternatives, including REITs and ETFs, which may be relevant for investors considering Canadian oil and gas [1] Group 2 - The article does not provide specific financial metrics or performance data for CNQ or the broader Canadian oil and gas sector [3]

Cenovus Energy Inc. (CVE) reported third-quarter 2024 adjusted earnings per share of 31 cents, which missed the Zacks Consensus Estimate of 34 cents. The bottom line also declined from the year-ago figure of 72 cents.Total quarterly revenues of $10.45 billion topped the Zacks Consensus Estimate of $10.13 billion. The top line, however, decreased from the year-ago level of $10.87 billion.Weak quarterly earnings can be primarily attributed to a decline in contribution from the Oil Sands and U.S. Manufacturing ...

Cenovus Energy Inc. (NYSE:CVE) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Patrick Read - VP, IR Jon McKenzie - CEO Kam Sandhar - EVP, Strategy and Corporate Development Keith Chiasson - EVP, Downstream Geoff Murray - EVP, Commercial Conference Call Participants Dennis Fong - CIBC World Markets Greg Pardy - RBC Capital Markets John Royall - JPMorgan Menno Hulshof - TD Securities Neil Mehta - Goldman Sachs Manav Gupta - UBS Travis Wood - National Bank Financial Patrick ...