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Cenovus Energy Inc. (CVE) stock has risen this year, jumping 55.0% so far.
Cenovus (CVE) expects to reduce its oil sands operations' sustaining costs to C$2.60 per barrel in 2020.
The stock of Cenovus Energy (NYSE:CVE, 30-year Financials) appears to be fairly valued, according to GuruFocus Value calculation.
In 2017, Cenovus purchased ConocoPhillips' 50 percent share of their Foster Creek Christina Lake (FCCL) oil sands projects and most of their conventional assets in Alberta and British Columbia, including the Deep Basin. [5] [6] [7] Cenovus completed the acquisition of Husky Energy for C$3.9 billion in stock in January 2021.
Cenovus Energy Inc. (TSE:CVE) shareholders will doubtless be very grateful to see the share price up 56% in the last...
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The positive trajectory in oil prices is a boon for Cenovus' (CVE) upstream operations.
Shares in Calgary-based Cenovus rose 6.1% on the Toronto Stock Exchange to C$22.35. West Texas Intermediate crude, the U.S. benchmark was last trading around $100. UPDATE 3-Cenovus triples ...