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Stock impact report

Cenovus Delivers In The Darkest Hour [Seeking Alpha]

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: Seeking Alpha
Summary Cenovus Energy's stock may have been battered but the company is delivering on par with the best. Free funds flow and cash generation in what was a bad quarter for WCS prices showed the raw strength in the asset base. With normalized prices, we expect Cenovus to more than triple from here. Cenovus Energy ( CVE ) continues to show why it belongs in every investor's portfolio. While the stock market seems obsessed with the low WCS oil prices, CVE showed that it could deliver rather impressive results in spite of that. We look at Q3-2018 results and tell you why the fair value of this stock with normalized differentials is $30 USD. Q3-2018 results CVE had about the same adjusted funds from operations as last year, however, free funds flow blossomed by 30%. Source: CVE Q3-2018 financials This was thanks to a rather big decrease in capital investment. Normally, a drop of this magnitude would push production lower, however, production was slightl Show less Read more
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