Cenovus looks to soothe investors' nerves after Conoco deal backlash [Business News Network (BNN) Energy & Resources (Canada)]
Cenovus Energy Inc (CVE)
Last cenovus energy inc earnings: 4/29 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
cenovus.com/disclaimerir
Company Research
Source: Business News Network
Cenovus looks to soothe investors' nerves after Conoco deal backlash Cenovus Energy ( CVE.TO ) Chief Executive Officer Brian Ferguson will attempt to soothe the nerves of investors burned by the near 50 per cent decline in the company’s stock price this year at the company’s investor day on Tuesday. The bulk of the declines in the company’s shares came in the wake of its $17.7-billion acquisition of ConocoPhillips’ ( COP.N ) oil sands assets on March 29, a deal that wreaked havoc on Cenovus’s previously pristine balance sheet. The company was panned by investors over the price tag for the assets, which included Conoco’s 50 per cent stake in the Foster Creek–Christina Lake (FCCL) Partnership, which far exceeded the $12.7 billion Canadian Natural Resources ( CNQ.TO ) spent to snap up Shell’s (RDSa.N) Athabasca Oil Sands Project assets as super-majors beat a retreat from Canada’s oil sands. Cenovus’s acquisition also includes most of Conoco’s conventional assets in Alberta and British Co
Show less
Read more
Impact Snapshot
Event Time:
CVE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CVE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CVE alerts
High impacting Cenovus Energy Inc news events
Weekly update
A roundup of the hottest topics
CVE
News
- Cenovus Energy Inc. (NYSE:CVE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Cenovus Energy Inc. (NYSE: CVE) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Cenovus Energy Inc. Just Beat EPS By 36%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Cenovus Energy Stock (NYSE:CVE): Why Caution Is Warranted [Yahoo! Finance]Yahoo! Finance
- Cenovus reports voting results of annual meeting of shareholders [Yahoo! Finance]Yahoo! Finance
CVE
Earnings
- 5/1/24 - Beat
CVE
Sec Filings
- 5/2/24 - Form 6-K
- 5/1/24 - Form 6-K
- 3/27/24 - Form 6-K
- CVE's page on the SEC website