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 ...

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]