Andrew Pink's Top Picks: April 16, 2024 [BNN Bloomberg (Canada)]
Cenovus Energy Inc (CVE)
Last cenovus energy inc earnings: 4/29 06:00 am
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US:NYSE Investor Relations:
cenovus.com/disclaimerir
Company Research
Source: BNN Bloomberg
Over the past five months, global equity markets are up materially, in part due to an anticipated coordinated central bank shift to quantitative easing as inflation cools. Interest rates peaked in October 2023, coordinated with the TSX Index and S&P 500 Index market lows. After the Bank of Canada and U.S. Federal Reserve language pivot on Nov. 1, bond yields fell, which fuelled a rally in valuations and advanced stock prices. Year-to-date, bond yields have lifted again as core inflation remains above target due to persistent consumer demand for services and higher energy prices. As a result, expectations for interest rate cuts have been pushed out. For stocks, the persistent higher interest rate environment has not had the typical reaction of reducing valuations and dampening investment returns. This suggests that markets are comfortable with the shifting interest rate timeline and are squarely focused on the momentum of corporate earnings growth and the economy. We agree that
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CVE
News
- Trans Mountain pipeline expansion project ushers in new era for oil sands hub Fort McMurray [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Trans Mountain pipeline project ushers in new era for oilsands hub Fort McMurray [BNN Bloomberg (Canada)]BNN Bloomberg
- Trans Mountain pipeline project ushers in new era for oilsands hub Fort McMurray [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Cenovus subsidiary fined $1.83 mln for 2018 Canada oil spill [Reuters]Reuters
- Cenovus fined $2.5-million for role in biggest oil spill in Newfoundland and Labrador history [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
CVE
Earnings
- 2/15/24 - Beat
CVE
Sec Filings
- 3/27/24 - Form 6-K
- 3/27/24 - Form 6-K
- 3/27/24 - Form 6-K
- CVE's page on the SEC website