CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its first-quarter 2024 results on Wednesday, May 1. The news release will provide consolidated first-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 without operator assistance, please register here approximately 5 minutes in advance to receive an aut ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?Developed alongsid ...

Investors are always looking for stocks that are poised to beat at earnings season and Cenovus Energy Inc. (CVE) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Cenovus Energy is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Cenovus Energy (CVE) . This company, which is in the Zacks Oil and Gas - Integrated - Canadian industry, shows potential for another earnings beat.This oil company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 15.14% ...

Cenovus Energy Inc. (CVE) has taken a firm stance against the Canadian government, expressing dissatisfaction with the level of financial support extended to the oil-sands industry's ambitious C$16.5 billion carbon capture system, per a Bloomberg report.The federal government's proposed tax credits, covering only half of the capital costs, and Alberta's 12% subsidy have fallen short of Cenovus' expectations. Although Canada offers operating cost support through contracts guaranteeing a profitable carbon pri ...

Cenovus Energy Inc. (CVE) unveiled plans on Tuesday to ramp up its energy production by an impressive 19% over the next five years. This ambitious move comes in tandem with the expansion of Canada's pipeline capacity, signaling a pivotal shift in the country's oil landscape.On Cenovus Energy's annual investor day in Toronto, Drew Zieglgansberger, the company’s chief commercial officer, underscored the importance of the expansion. He emphasized that it signifies a fresh avenue into global markets, highlighti ...

CALGARY, Alberta, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) will hold its 2024 Investor Day in Toronto on Tuesday, March 5, 2024, at 8:30 a.m. ET (6:30 a.m. MT). Members of Cenovus's Leadership Team will provide an update on the company's strategy, outlook and operations to invited institutional investors and analysts. To accommodate a broader audience, the presentation will be webcast. The webcast and presentation will be available at cenovus.com by registering in advance a ...

Bet_Noire All financial numbers in this article are in Canadian dollars unless noted otherwise. Please note that oil and gas prices are always in US dollars. Introduction Two years ago, I came out as a huge fan of Canadian energy companies, as the nation's big oil names, Canadian Natural (CNQ), Suncor (SU), and Cenovus Energy (NYSE:CVE), have everything I'm looking for in oil companies: Deep reserves, which lowers the risks of "forced" M&A to keep production numbers steady. Efficient production provides th ...

Cenovus Energy Inc. (CVE) reported fourth-quarter 2023 adjusted earnings per share of 29 cents, which beat the Zacks Consensus Estimate of 25 cents. The bottom line is in line with the year-ago quarter’s 29 cents.Total quarterly revenues of $9.65 billion missed the Zacks Consensus Estimate of $9.73 billion. The top line also declined from the year-ago quarter’s $10.36 billion.Strong quarterly earnings can be primarily attributed to higher contributions from the Oil Sands unit and lower expenses.Operational ...

bjdlzx Cenovus Energy Inc. (NYSE:CVE) just announced that they reduced debt by more than C$900 million. At the current pace of debt retirements, management should achieve net debt of C$4 billion early in the second quarter. Even if they reduce net debt in the future by half that pace, the amount of free cash flow available to shareholders will go from 50% to 100% within the next fiscal year. At least some of that will go to more dividends in the future. That "some more" could amount to a rather generous ...