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Syndicate
Cenovus Energy files $5B mixed securities shelf  16:30
09/27/21
09/27
16:30
09/27/21
16:30
CVE

Cenovus Energy

$9.92 /

+0.345 (+3.60%)

 
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CVE Cenovus Energy
$9.92 /

+0.345 (+3.60%)

CVE Cenovus Energy
$9.92 /

+0.345 (+3.60%)

07/30/21 RBC Capital
Cenovus Energy price target raised to C$16 from C$15 at RBC Capital
07/30/21 Raymond James
Cenovus Energy price target raised to C$14 from C$13.50 at Raymond James
07/20/21 Raymond James
Cenovus Energy resumed with a Market Perform at Raymond James
07/19/21 National Bank
Cenovus Energy price target raised to C$20 from C$19.50 at National Bank
CVE Cenovus Energy
$9.92 /

+0.345 (+3.60%)

CVE Cenovus Energy
$9.92 /

+0.345 (+3.60%)

Thursday
Hot Stocks
Cenovus announces early tender results, increase of pending maximum tender offer » 08:30
09/23/21
09/23
08:30
09/23/21
08:30
CVE

Cenovus Energy

$9.12 /

+0.655 (+7.74%)

Cenovus Energy announced…

Cenovus Energy announced the early tender results of its previously announced cash tender offer and that it has increased the maximum aggregate purchase price for the Maximum Tender Offer from up to a maximum aggregate purchase price of $1,000,000,000 to up to a maximum aggregate purchase price of $1,250,000,000 of its outstanding 3.800% Notes due 2023, its outstanding 4.000% Notes due 2024, its outstanding 5.375% Notes due 2025, its outstanding 4.250% Senior Notes due 2027 and its outstanding 4.400% Notes due 2029. Cenovus also announced that it has eliminated the Series Tender Cap for the 2025 Notes. The terms and conditions of the Maximum Tender Offer are described in the Offer to Purchase.

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CVE Cenovus Energy
$9.12 /

+0.655 (+7.74%)

CVE Cenovus Energy
$9.12 /

+0.655 (+7.74%)

07/30/21 RBC Capital
Cenovus Energy price target raised to C$16 from C$15 at RBC Capital
07/30/21 Raymond James
Cenovus Energy price target raised to C$14 from C$13.50 at Raymond James
07/20/21 Raymond James
Cenovus Energy resumed with a Market Perform at Raymond James
07/19/21 National Bank
Cenovus Energy price target raised to C$20 from C$19.50 at National Bank
CVE Cenovus Energy
$9.12 /

+0.655 (+7.74%)

CVE Cenovus Energy
$9.12 /

+0.655 (+7.74%)

Over a week ago
Hot Stocks
Cenovus Energy to redeem 3.950% notes due April 15, 2022 » 08:19
09/21/21
09/21
08:19
09/21/21
08:19
CVE

Cenovus Energy

$8.42 /

-0.245 (-2.83%)

Cenovus Energy announced…

Cenovus Energy announced that on October 20, 2021 it will redeem the entire outstanding principal amount of its 3.950% notes due April 15, 2022 and 3.000% notes due August 15, 2022. Cenovus has issued notices to the trustees of the Notes to redeem the Notes on the Redemption Date. On the Redemption Date, Cenovus will pay to the registered holders of the Notes a redemption price calculated in accordance with the indentures governing the Notes.

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CVE Cenovus Energy
$8.42 /

-0.245 (-2.83%)

CVE Cenovus Energy
$8.42 /

-0.245 (-2.83%)

07/30/21 RBC Capital
Cenovus Energy price target raised to C$16 from C$15 at RBC Capital
07/30/21 Raymond James
Cenovus Energy price target raised to C$14 from C$13.50 at Raymond James
07/20/21 Raymond James
Cenovus Energy resumed with a Market Perform at Raymond James
07/19/21 National Bank
Cenovus Energy price target raised to C$20 from C$19.50 at National Bank
CVE Cenovus Energy
$8.42 /

-0.245 (-2.83%)

CVE Cenovus Energy
$8.42 /

-0.245 (-2.83%)

Hot Stocks
Cenovus Energy announces cash tender offers for certain outstanding notes » 08:39
09/09/21
09/09
08:39
09/09/21
08:39
CVE

Cenovus Energy

$8.38 /

-0.22 (-2.56%)

Cenovus Energy announced…

Cenovus Energy announced it has commenced tender offers to purchase for cash any and all of its outstanding 3.950% Notes due 2022 and its outstanding 3.000% Notes due 2022 and up to a maximum aggregate purchase price of $1,000,000,000 of its outstanding 3.800% Notes due 2023, its outstanding 4.000% Notes due 2024, its outstanding 5.375% Notes due 2025, its outstanding 4.250% Senior Notes due 2027 and its outstanding 4.400% Notes due 2029.

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CVE Cenovus Energy
$8.38 /

-0.22 (-2.56%)

CVE Cenovus Energy
$8.38 /

-0.22 (-2.56%)

07/30/21 RBC Capital
Cenovus Energy price target raised to C$16 from C$15 at RBC Capital
07/30/21 Raymond James
Cenovus Energy price target raised to C$14 from C$13.50 at Raymond James
07/20/21 Raymond James
Cenovus Energy resumed with a Market Perform at Raymond James
07/19/21 National Bank
Cenovus Energy price target raised to C$20 from C$19.50 at National Bank
CVE Cenovus Energy
$8.38 /

-0.22 (-2.56%)

CVE Cenovus Energy
$8.38 /

-0.22 (-2.56%)

Hot Stocks
Cenovus Energy to restructure working interests in Terra Nova and White Rose » 17:24
09/08/21
09/08
17:24
09/08/21
17:24
CVE

Cenovus Energy

$8.38 /

-0.22 (-2.56%)

The company states:…

The company states: "Cenovus Energy has entered into agreements with its partners in the Atlantic region to restructure its working interests in the Terra Nova and White Rose projects, providing improved economics for the company's regional portfolio. These agreements will increase Cenovus's working interest in Terra Nova and, if a decision is taken to restart West White Rose, reduce the company's working interest in the White Rose field. Cenovus's working interest in Terra Nova will be 34%, up from 13%. The company will receive $78M from the exiting partners as a contribution towards future Terra Nova asset retirement obligations. The Terra Nova asset life extension project will proceed, extending the life of the field to 2033. Production is expected to resume before the end of 2022, with gross production expected to reach approximately 29,000 barrels per day in 2023. Including funding from the Government of Newfoundland and Labrador, the net to Cenovus outlay to restart Terra Nova is expected to be approximately $60M to first oil."

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CVE Cenovus Energy
$8.38 /

-0.22 (-2.56%)

CVE Cenovus Energy
$8.38 /

-0.22 (-2.56%)

07/30/21 RBC Capital
Cenovus Energy price target raised to C$16 from C$15 at RBC Capital
07/30/21 Raymond James
Cenovus Energy price target raised to C$14 from C$13.50 at Raymond James
07/20/21 Raymond James
Cenovus Energy resumed with a Market Perform at Raymond James
07/19/21 National Bank
Cenovus Energy price target raised to C$20 from C$19.50 at National Bank
CVE Cenovus Energy
$8.38 /

-0.22 (-2.56%)

CVE Cenovus Energy
$8.38 /

-0.22 (-2.56%)

Over a month ago
Options
Cenovus Energy put volume heavy and directionally bearish » 15:15
07/30/21
07/30
15:15
07/30/21
15:15
CVE

Cenovus Energy

$8.30 /

-0.04 (-0.48%)

Bearish flow noted in…

Bearish flow noted in Cenovus Energy with 2,786 puts trading, or 3x expected. Most active are Sep-21 7 puts and Jan-22 9 calls, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 1.87, while ATM IV is up over 1 point on the day. Earnings are expected on October 28th.

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CVE Cenovus Energy
$8.30 /

-0.04 (-0.48%)

CVE Cenovus Energy
$8.30 /

-0.04 (-0.48%)

07/30/21 RBC Capital
Cenovus Energy price target raised to C$16 from C$15 at RBC Capital
07/30/21 Raymond James
Cenovus Energy price target raised to C$14 from C$13.50 at Raymond James
07/20/21 Raymond James
Cenovus Energy resumed with a Market Perform at Raymond James
07/19/21 National Bank
Cenovus Energy price target raised to C$20 from C$19.50 at National Bank
CVE Cenovus Energy
$8.30 /

-0.04 (-0.48%)

CVE Cenovus Energy
$8.30 /

-0.04 (-0.48%)

Recommendations
Cenovus Energy price target raised to C$16 from C$15 at RBC Capital » 11:59
07/30/21
07/30
11:59
07/30/21
11:59
CVE

Cenovus Energy

$8.15 /

-0.19 (-2.28%)

RBC Capital analyst Greg…

RBC Capital analyst Greg Pardy raised the firm's price target on Cenovus Energy to C$16 from C$15 and keeps an Outperform rating on the shares.

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CVE Cenovus Energy
$8.15 /

-0.19 (-2.28%)

CVE Cenovus Energy
$8.15 /

-0.19 (-2.28%)

07/30/21 Raymond James
Cenovus Energy price target raised to C$14 from C$13.50 at Raymond James
07/20/21 Raymond James
Cenovus Energy resumed with a Market Perform at Raymond James
07/19/21 National Bank
Cenovus Energy price target raised to C$20 from C$19.50 at National Bank
07/19/21 Credit Suisse
Cenovus Energy upgraded to Outperform from Neutral at Credit Suisse
CVE Cenovus Energy
$8.15 /

-0.19 (-2.28%)

CVE Cenovus Energy
$8.15 /

-0.19 (-2.28%)

Recommendations
Cenovus Energy price target raised to C$14 from C$13.50 at Raymond James » 11:50
07/30/21
07/30
11:50
07/30/21
11:50
CVE

Cenovus Energy

$8.21 /

-0.13 (-1.56%)

Raymond James analyst…

Raymond James analyst George Huang raised the firm's price target on Cenovus Energy to C$14 from C$13.50 and keeps a Market Perform rating on the shares.

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CVE Cenovus Energy
$8.21 /

-0.13 (-1.56%)

CVE Cenovus Energy
$8.21 /

-0.13 (-1.56%)

07/20/21 Raymond James
Cenovus Energy resumed with a Market Perform at Raymond James
07/19/21 National Bank
Cenovus Energy price target raised to C$20 from C$19.50 at National Bank
07/19/21 Credit Suisse
Cenovus Energy upgraded to Outperform from Neutral at Credit Suisse
07/16/21 Barclays
Cenovus Energy price target raised to C$12 from C$11 at Barclays
CVE Cenovus Energy
$8.21 /

-0.13 (-1.56%)

CVE Cenovus Energy
$8.21 /

-0.13 (-1.56%)

Hot Stocks
Cenovus Energy still sees 2021 CapEx $2.3B-$2.7B » 06:26
07/29/21
07/29
06:26
07/29/21
06:26
CVE

Cenovus Energy

$8.11 /

+0.1 (+1.25%)

Raises oil sands…

Raises oil sands expenditure to $100M. 2021 production guidance range for 2021 increased by 2%, including an additional 10,000 bbls/d from Lloydminster thermals and increases in Offshore, partially offset by announced asset sales in the Conventional segment.

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CVE Cenovus Energy
$8.11 /

+0.1 (+1.25%)

CVE Cenovus Energy
$8.11 /

+0.1 (+1.25%)

07/20/21 Raymond James
Cenovus Energy resumed with a Market Perform at Raymond James
07/19/21 National Bank
Cenovus Energy price target raised to C$20 from C$19.50 at National Bank
07/19/21 Credit Suisse
Cenovus Energy upgraded to Outperform from Neutral at Credit Suisse
07/16/21 Barclays
Cenovus Energy price target raised to C$12 from C$11 at Barclays
CVE Cenovus Energy
$8.11 /

+0.1 (+1.25%)

CVE Cenovus Energy
$8.11 /

+0.1 (+1.25%)

Earnings
Cenovus Energy reports Q2 EPS 11c, may not compare to consensus (2c) » 06:25
07/29/21
07/29
06:25
07/29/21
06:25
CVE

Cenovus Energy

$8.11 /

+0.1 (+1.25%)

Reports Q2 adjusted funds…

Reports Q2 adjusted funds flow of $1.8B and free funds flow of $1.3B. Reports Q2 total production of nearly 770,000 BOE/d. "Our results underscore the earnings power of the combined company as we further integrate and deliver on our expanded asset base," said CEO Alex Pourbaix. "We posted a strong second quarter and expect to accelerate deleveraging in the second half of this year."

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CVE Cenovus Energy
$8.11 /

+0.1 (+1.25%)

CVE Cenovus Energy
$8.11 /

+0.1 (+1.25%)

07/20/21 Raymond James
Cenovus Energy resumed with a Market Perform at Raymond James
07/19/21 National Bank
Cenovus Energy price target raised to C$20 from C$19.50 at National Bank
07/19/21 Credit Suisse
Cenovus Energy upgraded to Outperform from Neutral at Credit Suisse
07/16/21 Barclays
Cenovus Energy price target raised to C$12 from C$11 at Barclays
CVE Cenovus Energy
$8.11 /

+0.1 (+1.25%)

CVE Cenovus Energy
$8.11 /

+0.1 (+1.25%)

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