Cenovus Stock Is Rising, but I'm Worried About This One Thing [Yahoo! Finance Canada]
Cenovus Energy Inc (CVE)
Last cenovus energy inc earnings: 4/29 06:00 am
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Source: Yahoo! Finance Canada
Cenovus Energy TSX:CVE ) stock has risen rapidly in price this year. Starting the year at $22.10 and closing at $29.43 on Monday, it's up 33% year to date. It has been an impressive showing. However, Cenovus Energy is not necessarily a perfect Canadian energy stock – it is subject to certain risk factors. The problem is that Cenovus Energy sold its Husky Energy gas station business when it came under pressure from ESG investors in 2022. The business was a profitable one for Cenvous, but investors seem to have convinced the firm that continuing to operate gas stations would adversely impact its image, and thereby impede its ability to attract investment. At the time, gas stations were quite unpopular, as they were seen as contributing to climate change far more than other oil/gas operations such as natural gas did. CVE's management bought the argument and promptly sold Husky Energy to Parkland Fuel. Lack of diversification The problem with Cenovus' decision to sell off Husky Ene
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- Be Sure To Check Out Cenovus Energy Inc. (TSE:CVE) Before It Goes Ex-Dividend [Yahoo! Finance]Yahoo! Finance
- Most actively traded companies on the Toronto Stock Exchange [Yahoo! Finance Canada]Yahoo! Finance Canada
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- Why Cenovus Energy (CVE) is a Top Dividend Stock for Your Portfolio [Yahoo! Finance]Yahoo! Finance
- Cenovus (CVE) Q1 Earnings Beat Estimates, Revenues Miss [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