CVE - Cenovus Energy

Cenovus Energy (TSE:CVE)

Affiliate Disclosure

Cenovus Energy is a large integrated oil and gas company based in Canada. The company owns oil sands projects in northern Alberta as well as natural gas and oil fields in Alberta and British Columbia. It also owns a 50% stake in two U.S. refineries. Cenovus’ portfolio of assets got a boost with the acquisition of most of ConocoPhillips’ operations in Western Canada in 2017.

Cenovus Energy sells oil to industrial users, wholesalers and commodity purchasers, all around the world. An extensive network of pipelines, rail, and marine tankers transport the company's products. Cenovus is also developing new pipeline projects in Western Canada that will provide access to new buyers.

A vast portfolio of oil sands assets and Deep Basin natural gas and liquids assets in Western Canada should support production growth. Premium asset quality, operating excellence, an integrated model, and a strong reputation are Cenovus’ key competitive strengths.

Cenovus Energy Stock Details

  • Ticker: tse:cve
  • Sector: Energy
  • Industry: Oil & Gas Integrated
  • Market Cap: 51.05B
  • Market Cap Group: Large Cap
  • P/E: 11.31
  • Dividend Yield: 2.63%

CVE Industry Competitors

The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.

Ticker Ticker Company Market Cap P/E Yield Aristocrat Graph SectorID IndustryID
XOM NYSE:XOM Exxon Mobile Corp 520.68 14.22 3.27 YES 1 5 70
CVX NYSE:CVX Chevron 291.05 14.64 4.10 YES 1 5 70
SU TSE:SU Suncor 67.91 8.74 4.12 NO 1 5 70
CVE TSE:CVE Cenovus Energy 51.05 11.31 2.63 NO 1 5 70
IMO TSE:IMO Imperial Oil 51.04 11.06 2.52 YES 1 5 70

Cenovus Energy - FAQ

What is the stock ticker for Cenovus Energy?

The stock ticker for Cenovus Energy is TSE:cve.

Is Cenovus Energy a good stock to buy?

You need to consider your investment strategy and how TSE:cve can fit in your portfolio.

The current dividend income score of 5/10 and dividend growth score of 4/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.

Is Cenovus Energy a Buy, Sell or Hold?

The Dividend Snapshot Opportunity Score of 52 out of 100.

The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.

A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.

How can I buy stocks for Cenovus Energy?

You can easily buy the CVE stock with an online trading platform.

Just make sure the stock fits your risk profile and investment goals.

Use A Winning Investment Strategy

My portfolio is generating over 12% annual returns since 2009. It's not from the beginning of the year or from 2019, it's from 2009 !!! That's a consistent return which means using the rule of 72, I double my portfolio every 6 years.

My approach is simple but you need key data that I have cultivated with the Dividend Snapshot Screeners. No other investment services provide you with easy to understand data but also actionable data. No hidden magic.

In fact, I have tried all of the investment services for dividend investors like a crash test dummy of investment services. Just ask me, and you'll learn why there was nothing I could use out there and that's how the Dividend Snapshot Screeners were borned!