Cenovus remains on track

CENOVUS ENERGY, $27.82, is a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 1.9 billion; Market cap: $50.4 billion; TSINetwork Rating: Average; Dividend yield: 2.6%; www.cenovus.com) has evacuated some of the workers at its Sunrise oil sands project due to wildfires in Northern Alberta.
Even so, the… Read More

New policy will benefit investors

CENOVUS ENERGY INC. $27 is a buy. Canada’s third-largest oil producer (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $51.3 billion; Price-to-sales ratio: 0.9; Dividend yield 2.7%; TSINetwork Rating: Average; www.cenovus.com) has modified its shareholder return policy.
Right now, Cenovus returns 50% of… Read More

Cenovus Energy returned 200% in three years

Cenovus Energy returned 200% in three years

Cenovus Energy has announced a bold investment plan by spending between $4.5 billion and $5.0 billion this year to increase processing capacity at its refineries by 17% while production and ultimately free cash flow should also soar.

The company’s shares have risen 29% this year… Read More