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: 43.57B
- Market Cap Group: Large Cap
- P/E: 8.40
- Dividend Yield: 2.45%
- Grade: C
- Dividend Aristocrat: NO
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 3/10
- Dividend Income Fit: 4/10
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 | 427.59 | 7.14 | 3.44 | YES | 1 | 5 | 70 |
| CVX | NYSE:CVX | Chevron | 293.91 | 8.22 | 3.87 | YES | 1 | 5 | 70 |
| SU | TSE:SU | Suncor | 51.40 | 6.58 | 5.30 | NO | 1 | 5 | 70 |
| CVE | TSE:CVE | Cenovus Energy | 43.57 | 8.40 | 2.45 | NO | 1 | 5 | 70 |
| IMO | TSE:IMO | Imperial Oil | 37.64 | 5.43 | 3.10 | YES | 1 | 5 | 70 |
Top Picks by Bay Street Experts
Expert stock analysts have shared their opinions, and sometimes prediction, on the company.
For more top picks from stock analysts on Bay Street, check the full list of top picks by expect stock analysts from investment and asset management firms.
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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 4/10 and dividend growth score of 3/10. 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 46 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.