Is a Healthier Oil Market on the Horizon? BOE may be misleading, particularly if used in isolation. © American Consumer News, LLC dba MarketBeat® 2010-2020. Macphail acquired 60,000 shares of Cenovus Energy stock in a transaction on Tuesday, July 28th. Operating highlights Given that the value ratio based on the current price of crude oil compared with natural gas is significantly different from the energy equivalency conversion ratio of 6:1, utilizing a conversion on a 6:1 basis is not an accurate reflection of value. Cenovus Energy (TSX: CVE, NYSE: CVE) and Husky Energy (TSX: HSE) have entered into a deal to combine in an all-stock transaction valued at $23.6 billion, inclusive of debt.
Receive News & Ratings for Cenovus Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cenovus Energy and related companies with MarketBeat.com's FREE daily email newsletter. Developing forward-looking information involves reliance on a number of assumptions and consideration of certain risks and uncertainties, some of which are specific to Cenovus and others that apply to the industry generally. Identify stocks that meet your criteria using seven unique stock screeners. The company's Oil Sands segment develops and produces bitumen in northeast Alberta. Cenovus had refining and marketing operating margin of $134 million in the second quarter compared with $198 million in the same period of 2019, primarily due to reduced market crack spreads, lower crude oil runs and crude advantage, partially offset by higher margins on the sale of fixed-price products and lower operating costs. 'industry_sector' : 'Downstream,Upstream',

During the second quarter, the company completed the previously announced temporary ramp-down of its crude-by-rail program. Cenovus Energy (TSE:CVE) (NYSE:CVE) last posted its quarterly earnings data on Thursday, July 23rd. In addition, Cenovus benefited from a nearly 60% decrease in overall second-quarter transportation and blending costs compared with the first three months of 2020. All comments are subject to editorial review. If a number of insiders sell shares of their company, they may believe that the company will have weak future earnings and that the share price will decline in the near future.For example, if Microsoft's CEO, CFO and COO all recently sold shares of Microsoft stock, that would be an indication that there could be unreported news that may negatively effect Microsoft's stock price in the near future.This slideshow lists the 12 companies that have had the highest levels of insider buying within the last 180 days. Cenovus Energy Inc. will release its third-quarter results on Thursday, October 29, 2020. Looking for new stock ideas? Winners and Losers, Dow drops more than 800 points as stocks hit new session lows, 8 days till the election: Stocks tend to rally as presidential race hits the home stretch, history shows, BlackRock Downgrades U.S. Treasuries Ahead of Election on Likely Biden Win, Europe tightens restrictions in desperate race against second wave of COVID-19, France-Turkey row reaches new highs after Erdoğan hurls insults at Macron, Gold on track for fifth gain in 6 sessions, COVID lockdowns cause global aircraft orders to nosedive in third quarter, the lowest on record, AMD earnings: Gain expected from Intel’s pain yet again, Stimulus Delays, Covid-19 Cases Spook Stocks, Why Investors Don’t Seem to Like This Canadian Oil Deal, New home sales dip slightly in September, but remain strong going into fall, After Restarting Covid Vaccine Trial, AstraZeneca Has Good News for Older Adults, The U.S. government needs a new agency to regulate Big Tech, former Obama economist declares, Market bears resurface, S&P 500 ventures under 50-day average, It’s been years since investors have been this fearful of a stock market crash, Nobel-winning economist warns, SAP U.S. stock drops more than 20% on cut outlook, Thanksgiving in October, and 4 holidays in one week: How Americans are celebrating differently in 2020, Paid time off to vote is common this year — and many workers don’t know it, All 30 Dow stocks are falling, led by American Express and Boeing. Macphail acquired 60,000 shares of Cenovus Energy stock in a transaction on Tuesday, July 28th.
Want to see which stocks are moving? Cenovus Energy (TSE:CVE) (NYSE:CVE) will announce its earnings results before the market opens on Thursday, October 29th. Company captures value by leveraging flexibility of its operations. The factors or assumptions on which our forward-looking information is based include, but are not limited to: forecast oil and natural gas, natural gas liquids, condensate and refined products prices, light-heavy crude oil price differentials and other assumptions identified in Cenovus’s 2020 guidance (dated April 1, 2020), available at cenovus.com; global demand for refined products will resume and prices will rise; continued access to short-term capital such as credit and demand facilities; continued impact of measures implemented to enhance the company’s resilience; applicable royalty regimes, including expected royalty rates; future improvements in availability of product transportation capacity; increase to our share price and market capitalization over the long term; future or continued narrowing of crude oil differentials; the ability of our refining capacity, dynamic storage, existing pipeline commitments and financial hedge transactions to partially mitigate a portion of our WCS crude oil volumes against wider differentials; our ability to adjust production while maintaining reservoir integrity; availability of new ways to get our products to new customers; opportunities to work with industry partners to find innovative market-based solutions aimed at refining more Canadian oil in Canada; estimates of quantities of oil, bitumen, natural gas and liquids from properties and other sources not currently classified as proved; accounting estimates and judgments; our ability to obtain necessary regulatory and partner approvals; the successful and timely implementation of capital projects, development programs or stages thereof; our ability to generate sufficient liquidity to meet our current and future obligations; our ability to obtain and retain qualified staff and equipment in a timely and cost-efficient manner; our ability to develop, access and implement all technology and equipment necessary to achieve expected future results, and that such results are realized. Cenovus had a second-quarter operating loss of $414 million and net loss of $235 million compared with operating earnings of $267 million and net earnings of almost $1.8 billion in the same period in 2019. The firm has a market capitalization of $5.95 billion and a price-to-earnings ratio of -3.33. Second-quarter oil sands operating costs were $7.36/bbl, down 15% from the same period a year earlier and 5% below the first quarter of 2020.

The Dow is down more than 700 points midday, with all 30 components falling, Extraordinaries & Discontinued Operations. The report also incorporates references to the United Nations Sustainable Development Goals (SDGs). Cenovus Energy (TSE:CVE) (NYSE:CVE) last posted its quarterly earnings data on Thursday, July 23rd. Canadian players Cenovus Energy and Husky Energy are to combine in an all-stock deal worth C$23.6 billion (US$17.98 billion). North America Oil Bankruptcy Debt Hits All Time High, Trucking Provides Rare Boost to Europe Oil Demand. A live audio webcast of the conference call will also be available via cenovus.com. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development, such as Telephone Lake. Fundamental company data provided by Morningstar and Zacks Investment Research. 'company_sentiment' : 'Neutral', As previously announced, Cenovus has deferred the remainder of its 2020 drilling program in the conventional segment. Statements relating to “reserves” are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described exist in the quantities predicted or estimated and can be profitably produced in the future. TSE:CVE opened at C$4.70 on Thursday.

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