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As crude oil prices have crashed, they’ve taken oil and gas stocks along with them. Cenovus Energy Inc. Cenovus Energy Inc. is a Canadian integrated oil and natural gas company. This report by The Canadian Press was first published Oct. 25, 2020. 0000002462 00000 n News Provided by GlobeNewswire via QuoteMedia, Your trusted source for investing success. Free Reports for New Investors, 2020 Gold Price Forecast & Gold Stocks to Watch, Precious Metals Outlook 2020: CEO’s, Analysts on Gold, Silver and Platinum, 2020 Gold Price Forecast and Gold Stocks to Watch, Emerging Tech: Advances in AI, Virtual Reality and Mobile, Outlook and Opportunities in the Gaming Industry, Cleantech Market Trends and Cleantech Stocks to Buy, Tech Shaping the Future: XFuture Conference Report 2019, Investing in Esports: Stocks, Trends and Rising Demand, Start Here - Investing in Artificial Intelligence, Coronavirus Investing: An Overview for Investors, Life Science and Healthcare Investing in 2020, Pharmaceutical Investing Principles And Pharmaceutical Stocks To Buy, Biotech Investing - Top Stocks, ETFs and Future Prospects. Should You Buy Aphria (TSX:APHA) After Its Recent Pullback? To say that oil and gas stocks have been hit hard this year would be putting it lightly. Looking for the Next Potential Netflix?

H�\��n�0��)M[)��Ѥ� �R��E�~|8� �q�=���M�ݽ��n6��ih�~6Ǯo'�S�����>J3�vͼΖ��\�Q�����ϻ�8Dei�_��e�n�a���?��O]2���G����Ͼ�Mb�ʴ��������M��=���oO����6z�-�0����X7~�����$\�)��UE�o�{.���O=Ee� ��Dd��*|���w����[���s�ϒe�������e 'C}F�0M�0DeN�>yJ�Bg��R+�z�B��e�E�ͩshKm���jd�����b��2�E�,Y,�Xd�ܗ0D�c�,�������G�#��}>"�{�f.A.a.A.a��= For most investors, however, that may not be the case. Coming back to Cenovus Energy Inc. (NYSE:CVE), we note that the average 3-month trading volume was 10.13 Million, while that of the preceding 10-day period stands at 9.57 Million. Are Investors Keen On Selling Holdings In Altice USA, Inc. (NYSE:ATUS)? To participate, please dial 888-231-8191 (toll-free in North America) or 647-427-7450 approximately 10 minutes prior to the conference call. The company's average rating score is 2.36, and is based on 7 buy ratings, 5 hold ratings, and 2 sell ratings. H�|W�n���W�Q. Not to alarm you, but you’re about to miss an important event. Further, the stock fell 16% in September 2020. Moody's also affirmed Cenovus' Ba1 corporate family rating (CFR), Ba1-PD probability of default rating and Ba1 senior unsecured notes rating. <]/Prev 270134>> The all-stock transaction was cast as a $23.6-billion deal by the Calgary-based companies by including the value of Cenovus and net debt, reported at the end of the second quarter as $8.2 billion for Cenovus and $5.1 billion for Husky. lower-carbon future. The speculative grade liquidity rating remains SGL-1. The Motley Fool Canada » Investing » Is Cenovus Stock Worth the Risk? "Over the past several months as we worked together on this transaction, from a value and strategic perspective, the merits and overall fit have become abundantly clear," he said on the call. Top Moving Stock Now – salesforce.com, inc. (NYSE:CRM), MGM Resorts International (NYSE:MGM) – Analysts’ Revisions Show Sentiment Is Improving, Analysts Say You Should Hold Your Position in AT&T Inc. (NYSE:T), Investors Take Advantage of -3.83% Loss In The Boeing Company (NYSE:BA). Are Investors Keen On Selling Holdings In Dynatrace, Inc. (NYSE:DT)? Cenovus Energy Inc (TSX:CVE)(NYSE:CVE) shares are down more than 60% already in 2020.

Husky shareholders will receive 0.7845 of a Cenovus share plus 0.0651 of a Cenovus share purchase warrant in exchange for each Husky common share. Husky shareholders will receive 0.7845 of a Cenovus share plus 0.0651 of a Cenovus share purchase warrant in exchange for each Husky common share. All rights reserved. Cenovus owns a crude-by-rail terminal northeast of Edmonton.

Cenovus shares trade under the symbol CVE, and are listed on the Toronto and New York stock exchanges. Current as of October 27, 2020. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada.

Cenovus Energy Inc. will release its third-quarter results on Thursday, October 29, 2020. Insider Trading At Synchrony Financial (NYSE:SYF): What Did We Note? Twist Bioscience Corporation (TWST) Announced Broad Strategic Partnership With Neogene for... At $28.37 Price, Tenet Healthcare Corporation (THC) Sits And Waits For... VivoPower International PLC (VVPR) Dips On Massive Profit Taking, Evofem Biosciences, Inc. (EVFM) Is Sitting On A Potential Gold Mine. While there’s no denying that Cenovus stock is cheap, that’s not a reason to buy it. %PDF-1.5 %���� THE CANADIAN PRESS/Jeff McIntosh, Unionized health care support workers stage wildcat strike, Saskatchewan election day: Voters go to the polls after four-week pandemic campaign, Top doctor warns severe illness likely to rise, trailing spike in COVID-19 cases. VEREIT, Inc. (NYSE:VER) traded at $6.61 at last check on Monday, Oct 26, making a downturn move of -2.07% on its previous day's price. Forget Suncor Energy (TSX:SU): These Stocks Can Give You $4,500 Annually, How to Profit From the Market Crash: 2 Stocks to Trade in Short Term. As of the end of 2019, Cenovus had $186 million in cash on its books.

%%EOF And there’s reason to be optimistic that more of a rally could take place. After all, oil companies around the world are in the same boat as Cenovus and that’s going to incentivize countries to take on deeper production cuts to help push commodity prices higher. A conference call and webcast to discuss the results will be held for the investment community at 9 a.m. MT . Conference Call Today 9 a.m. Mountain Time (11 a.m. Eastern Time) Cenovus will host a conference call today, July 23, 2020, starting at 9 a.m. MT (11 a.m. 0000017908 00000 n xref The news release will provide consolidated third-quarter operating and financial information. Looking at the stock we see that its previous close was $6.75 and the beta (5Y monthly) reads 1.05 with the day's price range being $6.44... Banco Bradesco S.A. (NYSE:BBD) traded at $4.05 at last check on Monday, Oct 26, making an upward move of 1.13% on its previous day's price. Husky has production from a deepwater gas project offshore China with Chinese partner CNOOC Ltd., produces oil offshore Newfoundland and Labrador and owns a chain of retail fuel stations. 0000001236 00000 n 0000001272 00000 n The transaction has been approved by both boards and is expected to close in the first quarter of 2021, pending shareholder and regulatory approvals. In the period prior to that, the margin was 3.7%. The integration of Cenovus’s upstream assets with Husky’s downstream and midstream portfolio will also shorten the future value chain and reduce condensate costs associated with … TSX Stocks: 2 Stars With Reliable 5% Yields, Love High Dividend Yields? At Cenovus, we recognize operating in an ethical and environmentally, ... (IEA) World Economic Outlook (WEO) New Policies Scenario, where nations make efforts toward their climate targets while global oil demand continues to grow out to 2040 (see Figure 1).

Think You Need A Good Stock? This setting should only be used on your home or work computer. Why Has Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Declined So Much? That's bad news for Calgary office workers as about $400 million of the savings are expected to come from "workforce optimization," along with savings from IT and procurement, said Pourbaix, though he did not explicitly say there would be job losses. endstream endobj 163 0 obj <>stream What Is the Outlook For Zynga Inc. (NASDAQ:ZNGA) Like For Short-Term? Coincidentally, that is also how much profit it posted. Why buying the Banco Bradesco S.A. (NYSE:BBD) Stock Today Might Make Sense. Conditions in the oil and gas industry may improve but it may not be until the economy goes back to normal, which is not happening anytime soon. Motley Fool Canada's market-beating team has just released a new FREE report that gives our three recommendations for the Next Gen Revolution. Click on the link below for our stock recommendations that we believe could battle Netflix for entertainment dominance. Greenlane Holdings, Inc. (GNLN) Announced Expanded Partnership To Distribute Marley Natural... Cambium Networks (CMBM) Selected by Nigeria’s Tizeti For Wireless Technology. 172 0 obj <>stream David Jagielski | April 28, 2020 | More on: CVE CVE. The news release will provide consolidated third-quarter operating and financial information. 0000000696 00000 n 0000001676 00000 n Companies in this story: (TSX:CVE, TSX:HSE), Sign in or register for your free account, The combined company will be better able to weather energy market volatility, Cenovus CEO Alex Pourbaix speaks at a news conference in Calgary on January 30, 2020. Operations include oil sands projects in northern Alberta, which use specialized methods to drill and pump the oil to the surface, and established natural gas and oil production in Alberta and British Columbia. Look At This Royal Caribbean... AbbVie Inc. (NYSE:ABBV) -1.1% decline turns away investor interest in company’s stock. ET). A conference call and webcast to discuss the results will be held for the investment community at 9 a.m. MT (11 a.m. The all-stock transaction was cast as a … Investors are better off looking for more stable investments, especially as the markets continue to be very volatile. startxref To participate, please dial 888-231-8191 or …. 0000002251 00000 n That doesn’t make for a safe investment. Financial statements will be available on Cenovus’s website, cenovus.com . Combining the companies will create annual savings of $1.2 billion, largely achieved within the first year and independent of commodity prices, the companies said. In the past month, shares of Cenovus have been rallying and are up more than 60% from the lows that reached in March. There’s not a whole lot of buffer right now for Cenovus to take a big hit to its top line. Toronto, October 21, 2019 -- Moody's Investors Service (Moody's) changed Cenovus Energy Inc.'s (Cenovus) outlook to positive from stable. THE CANADIAN PRESS/Jeff McIntosh CALGARY — A surprise move by Cenovus Energy Inc. to buy rival Husky Energy Inc. for $3.8 billion in shares will create the third-largest Canadian oil and natural gas producer by total production, the companies announced Sunday. CALGARY — A surprise move by Cenovus Energy Inc. to buy rival Husky Energy Inc. for $3.8 billion in shares will create the third-largest Canadian oil and natural gas producer by total production, the companies announced Sunday. For more information, visit cenovus.com .

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