+ Watch CVE
on My Watchlist
The company is involved in oil and natural gas extraction from regions of Alberta and Saskatchewan.
global oil glut
CVE extracts bitumen (a form of crude oil) from oil sands located in Canada. Their portfolio also includes natural gas and related products.The 'in situ' method is relatively expensive but is much more environment friendly. In some environments like Alberta, mining is considered impractical and 'in situ' it the only option.CVE is one of the lowest cost producers of bitumen using this method and this confers an advantage over its competitors.They also own refining assets in the US that can convert their crude into end products. This vertical integration is another advantage.Over time these advantages should result in this company outperforming it's peers.
its undervalued and rapidly increasing production all in the safe environment of Canada. It has a strong balance sheet, generates excellent cash flow, and pays an attractive, growing dividend
Operational cash flow? http://www.gurufocus.com/stock/CVE Lou Simpson (ex Geico) pickSell at $39
WHen the pipelines are finally built this will be a great investment.
Gas is good
As long as Cenovus can get its product to market, the stock should take off.
DC - CSF
Been holding since Libya last year (bad time to buy...) and I'm back to even after some impressive growth that looks like it's going to continue! Was thinking to sell soon but upside is good, so holding :)
Pumping money into oil sands projects and the pipelines that carry the black gold to the coast. That's all she wrote.
If one has to buy an energy stock, CVE is a good choice as it was a split off from EnCana. It has less burdens than most integrated oil. Hence, it can seize opportunities fast than most of its peers.
barrons article seems legit
Energy analyst Charles T. Maxwell pick per Barron's
Just got out of a sales meeting with Cenovus directly centered around capital expenditures, ROI times, and their business. I have a lot of confidence in this company (and I deal with process industry companies on a daily basis) based on the following:1. They have a 50/50 partnership with Conoco Philips to refine the oil they extract, providing them with negotiated rates on the NLG they use in their steam unit.2. They are more than doubling their capacity in the next 3 years (projects already underway)3. The oil prices are unlikely to stay under $50/barrel for a significant chunk of time and this company has the wherewithal to profit even if it shifts south of profitable4. They have the lowest inline water use (the KPI used within the shale beds for performance) in the industry.5. They own the most productive wells in CanadaThis company is poised to dominate the oil sands business and they already have strategic alliances in place to support growth.
It's just over priced now, so though the price may rise, over the short term it's no good.
I haven't a clue.
Cenovus Energy is a major near term, mid-term and long term oilsands play. Along with its 50/50 ownership oilsands projects with Conocophillips and its 50/50 ownership two-refinery patrnership with ConocPhillips, Cenovus controls, thru its leases, one of the largest resources of bitumen of any company involved in the Alberta oilsands. An amazing resource of Forty(40) Billion barrel product potential! This is almost two times the total resources currently controlled by Suncor.
Pure oilsnads play recently spun out of ECA and set up well to succeed. May be a takeover target in the next 1-2 years.
30 plus pps is just around the corner
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions