Cenovus Energy

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    02.11.22 13:27:23
    Beitrag Nr. 46 ()
    Cenovus Energy | 20,50 €
    29.07.22 13:36:35
    Beitrag Nr. 45 ()
    UPDATE 3-Cenovus Energy criticizes Canadian gov't plans to cut emissions as profits surge…
    Cenovus Energy reported a near 11-fold surge in second-quarter profit on Thursday and boosted capital spending and production forecasts, but warned Canadian government plans to cap oil and gas emissions could lead to production being shut in.

    Oil prices have scaled multi-year highs this year as Western sanctions against major exporter Russia squeeze an already under-supplied market. Brent crude, the global benchmark, was last trading at over $107 a barrel.

    Calgary-based Cenovus, Canada's No. 2 oil and gas producer, said it will increase capital investment by C$400 million ($311.58 million) this year to C$3.3 billion to C$3.7 billion, and raise production by 15,000 barrels of oil equivalent per day (boepd) to 780,000 to 810,000 boepd.

    Around C$100 million of the increased spending is due to inflation, with the remainder going to oil sands projects and restarting the West White Rose offshore project in Atlantic Canada.

    However, Cenovus remains committed to shareholder returns and will focus on incremental production increases rather than large scale projects, Chief Executive Alex Pourbaix said.

    He also criticized federal government plans to cap and cut emissions from Canada's oil and gas sector. Last week the government outlined two options to help cut emissions to 42% below 2005 levels by 2030, which Pourbaix said would not be possible.

    "I would say either of those options are more ambitious than what can reasonably be achieved," Pourbaix told a conference call. "I am very worried that if we remain on this path, it could lead to shutting in production, and at a time when the world is literally crying out for more oil and gas production."

    Cenovus' production fell to 761,500 boepd in the second quarter, from 765,900 boepd a year earlier due to planned turnarounds. However production is expected to rise beyond 800,000 boepd in the second half of 2022.

    Net earnings rose to C$2.43 billion ($1.90 billion), or C$1.19 Canadian cents per share, for the three months ended June 30, from C$224 million, or 11 Canadian cents per share, a year earlier. ($1 = 1.2838 Canadian dollars)
    Cenovus Energy | 19,10 €
    17.06.22 16:38:37
    Beitrag Nr. 44 ()
    Antwort auf Beitrag Nr.: 71.770.937 von faultcode am 13.06.22 17:36:52<hier auch eine Teilgewinn-Mitnahme>
    Cenovus Energy | 24,89 C$
    13.06.22 17:36:52
    Beitrag Nr. 43 ()
    Antwort auf Beitrag Nr.: 71.452.001 von faultcode am 28.04.22 23:45:10Cenovus acquiring outstanding 50% interest in Sunrise oil sands asset…

    Calgary, Alberta (June 13, 2022) – Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement to purchase the remaining 50% of the Sunrise oil sands project in northern Alberta from bp. Total consideration for the transaction includes $600 million in cash, a variable payment with a maximum cumulative value of $600 million expiring after two years, and Cenovus’s 35% position in the undeveloped Bay du Nord project offshore Newfoundland and Labrador.

    The transaction has an effective date of May 1, 2022 and is anticipated to close in the third quarter of this year, subject to closing conditions and normal purchase price adjustments.

    Full ownership of Sunrise further enhances Cenovus’s core strength in the oil sands. Sunrise has been operated by the company since the beginning of 2021, following the Husky Energy transaction, and Cenovus is now in the early stages of applying its oil sands operating model at this asset.

    “Acquiring the remaining working interest in Sunrise enables us to fully benefit from the significant optimization opportunities available,” said Alex Pourbaix, Cenovus President & Chief Executive Officer. “By applying Cenovus’s advanced operating techniques, we expect to increase production at Sunrise while driving down sustaining capital, operating costs and emissions intensity.”

    Cenovus currently operates Sunrise and owns 50% of the asset through the Sunrise Oil Sands Partnership, with bp. Current production from the asset is approximately 50,000 barrels per day (bbls/d), and the company expects to achieve nameplate capacity of 60,000 bbls/d through a multi-year development program. The acquisition is expected to be immediately accretive to adjusted funds flow and cash from operating activities.

    2022 Guidance

    Cenovus’s corporate guidance dated April 26, 2022 does not reflect this acquisition. The company plans to update guidance with its second quarter results in July 2022.

    Cenovus Energy | 28,66 C$
    1 Antwort
    28.04.22 23:45:10
    Beitrag Nr. 42 ()
    Antwort auf Beitrag Nr.: 71.306.097 von faultcode am 07.04.22 14:23:13Elliott will beim Nachbarn "aufräumen":

    Elliott calls for Suncor strategic review, board changes…

    => :eek:

    ein starkes Q1 half gestern auch. Das war aber auch zu erwarten gewesen:

    The company’s Board of Directors has approved tripling the base dividend starting with the second quarter of 2022, as well as a plan for additional increases to shareholder returns.

    Beyond the base dividend increase, Cenovus will target to return 50% of quarterly excess free funds flow to shareholders when reported net debt is less than $9 billion. The company will do this through share buybacks and/or variable dividends while also continuing to pay down the balance sheet. Cenovus has adopted an ultimate net debt target of $4 billion. When reported net debt is at the $4 billion floor, Cenovus will target to return 100% of that quarter’s excess free funds flow to shareholders through share buybacks and/or variable dividends.

    Cenovus Energy | 24,83 C$
    2 Antworten
    07.04.22 14:23:13
    Beitrag Nr. 41 ()
    CVE, das richtige Pferdchen:

    “Why would I own Suncor when I can own Cenovus?” said Eric Nuttall, a senior portfolio manager at Ninepoint Partners, adding that a string of safety issues need to be addressed before the stock’s performance improves.
    Suncor Shares Go From First to Worst in Canada Oil-Sands Boom…
    Cenovus Energy | 15,30 €
    3 Antworten
    25.03.22 14:01:19
    Beitrag Nr. 40 ()
    Canada Will Boost Oil Exports as World Shuns Russian Supply…
    Canada will increase oil and gas exports by the equivalent of 300,000 barrels a day to help nations that are trying to shift away from Russian supplies, the country’s resources minister said.

    Energy producers can raise shipments of crude by 200,000 barrels a day and natural gas by the equivalent of 100,000 by year-end by accelerating planned projects to expand output, Jonathan Wilkinson said Thursday at a press conference in Paris.

    Canada and the U.S. already have the pipeline capacity to handle the extra volumes, with some of the extra oil expected to be shipped to Europe via the Gulf Coast, he said. :eek:

    “Canada indicated to our European friends that we will work to help them in the current situation that they find themselves,” he said.

    The Canadian government is also in discussions with European countries about eventually supplying them with liquefied natural gas, but any export facility would need to be eventually convertible to exporting hydrogen as part of a planned pivot away from hydrocarbons, Wilkinson said.

    Canada has no LNG export terminals yet, but a consortium that includes Shell Plc and Malaysia’s Petroliam Nasional Bhd is building a large one on the Canada’s west coast that is expected to be ready by the middle of the decade.


    "friends" :D
    Cenovus Energy | 14,73 €
    10.02.22 16:43:14
    Beitrag Nr. 39 ()
    Antwort auf Beitrag Nr.: 70.796.180 von Nissie am 10.02.22 14:07:50nichts mMn:

    Denn: diese Corporate litigation boutique möchte oder kann nicht einmal sagen - wie in viel konkreteren Fällen üblich - von wann bis wann möglicherweise betroffene Aktienkäufe getätigt sein sollen

    Aber auch Bronstein, Gewirtz & Grossman ist offenbar zu Ohren gekommen, daß bei CVE der Rubel derzeit rollt :D
    Cenovus Energy | 19,33 C$
    10.02.22 14:07:50
    Beitrag Nr. 38 ()
    Bronstein, Gewirtz & Grossman, LLC benachrichtigt Cenovus Energy Inc. (CVE) Investoren der Untersuchung…

    Was soll das denn? Ob da überhaupt was bei rumkommt?
    Cenovus Energy | 13,29 €
    1 Antwort
    07.01.22 13:54:37
    Beitrag Nr. 37 ()
    Antwort auf Beitrag Nr.: 70.422.481 von faultcode am 06.01.22 17:44:00...
    ConocoPhillips still owns 100 million shares in Cenovus, according to data compiled by Bloomberg, after acquiring 208 million shares as part of the 2017 deal. ConocoPhillips has said it would completely unwind its position by the end of 2022.

    “The damage to the stock on the heels of that deal was warranted,” Eight Capital analyst Phil Skolnick said by phone, adding the price was high and the ConocoPhillips share block created an overhang on the stock.

    Skolnick said Cenovus’ new management team has helped reset the perception of the stock, which is up 101% over the last year as oil prices have risen and debt has been repaid. Cenovus didn’t respond to a request for comment.

    Cenovus Shares Hit Highs Not Seen Since 2017 ConocoPhillips Deal…
    Cenovus Energy | 12,21 €
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