CALGARY, Alberta, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) will release its fourth-quarter and full-year 2024 results on Thursday, February 20, 2025. The news release will provide consolidated fourth-quarter operating and financial information. The company's financial statements will be available on Cenovus's website, cenovus.com. Conference call: 9 a.m. MT (11 a.m. ET) To join the conference call, please dial 1-800-206-4400 (toll-free in North America) or 1-289-514-5005 to ...

Cenovus Energy (CVE) closed the most recent trading day at $15.50, moving +1.97% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.03% for the day. On the other hand, the Dow registered a gain of 0.28%, and the technology-centric Nasdaq decreased by 0.36%.Shares of the oil company witnessed a loss of 0.52% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 0.76% and the S&P 500's gain of 4.19%.The upcoming earnings relea ...

Cenovus Energy (CVE) closed the latest trading day at $15.06, indicating a +0.53% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.39%. At the same time, the Dow added 0.71%, and the tech-heavy Nasdaq gained 0.2%.Heading into today, shares of the oil company had lost 3.91% over the past month, lagging the Oils-Energy sector's gain of 1.79% and the S&P 500's gain of 1.7% in that time.The investment community will be paying close attention to the e ...

Company Performance - Cenovus Energy (NYSE: CVE) demonstrated strong performance despite volatility in gas and oil prices, attributed to its integrated upstream and downstream operations which help mitigate risks [1] Analyst Background - The analyst specializes in the industrial sector, valuing companies with a strong history of operational excellence and investor focus [1] - The analyst's investment philosophy has been beneficial over the years, and they aim to share insights on potential investment opportunities [1] Disclosure - The analyst holds a beneficial long position in Cenovus Energy (CVE) through stock ownership, options, or other derivatives [2] - The article reflects the analyst's personal opinions and is not compensated by any company mentioned [2]

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:FRONTLINE PLC (FRO) is a shipping company, engages in the seaborne transportation of crude oil and oil products. The Zacks Consensus Estimate for its current year earnings has been revised 30.2% downward over the last 60 days.DHT (DHT) operates a fleet of double-hull crude oil tankers on international routes. The Zacks Consensus Estimate for its current year earnings has been revised 13.0% downward over the last 60 days.Cenovus Energy ...

Core Insights - Cenovus Energy Inc. has announced its 2025 corporate guidance, targeting a capital investment range of $4.6 - $5.0 billion and aiming for upstream production of 805,000 to 845,000 barrels of oil equivalent per day (BOE/d) [1][2] Capital Investment Strategy - Approximately $3.2 billion of the capital budget will be allocated to sustaining base production and ensuring safe operations, while $1.4 - $1.8 billion will focus on advancing upstream growth projects [2] - The company maintains a disciplined capital management strategy, keeping net debt near $4.0 billion and returning 100% of excess free funds flow to shareholders [2] Production and Growth Initiatives - Cenovus Energy projects 2025 oil sands production to be between 615,000 and 635,000 barrels per day (bbls/d), with non-fuel operating costs expected to remain at $8.50 - $9.50 per barrel [4] - Key investments include $600 - $700 million for growth initiatives, targeting optimization and enhanced recovery at Foster Creek, new well pads at Sunrise, and development in the Lloydminster area [4] - The Narrows Lake project is on track for first oil by mid-2025, contributing to a projected production growth of 150,000 BOE/d by the end of 2028 [3][4] Downstream Operations - Anticipated crude throughput for downstream operations is between 650,000 and 685,000 bbls/d, reflecting a 4% increase from 2024 [6] - Canadian refining throughput is expected to be between 100,000 and 105,000 bbls/d, while U.S. refining throughput is projected at 550,000 - 580,000 bbls/d, with a 7% decline in operating costs for the U.S. refining segment [6] Corporate Efficiency - Corporate expenses are expected to remain in line with 2024 levels, aided by reduced IT upgrade costs as the company recalibrates its enterprise-wide systems project [7] - Cenovus Energy's 2025 plans reflect a balanced approach to growth and cost efficiency, positioning the company for long-term value creation while meeting operational milestones and returning capital to shareholders [7]

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 ...