Subject of the day
CVE.TO
Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China. It operates through Upstream and Downstream segments. The company is involved in the development and production of bitumen and heavy oil; owns and operates pipeline gathering systems and terminals; operation of assets rich in NGLs and natural gas in Alberta and British Columbia; and offshore operations, exploration, and development activities in the East Coast of Canada and the Asia Pacific region. It also engages in refining, such as owned and operated Lloydminster upgrading and asphalt refining complex; owns and operates the Bruderheim crude-by-rail terminal and two ethanol plants; fuels business; and refining of crude oil to produce gasoline, diesel, jet fuel, asphalt, and other products. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
| Line | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|
| Revenue | $12.32B | $13.20B | $13.94B | $13.34B |
| Gross profit | $2.59B | $3.33B | $2.79B | $4.25B |
| Operating income | $690.00M | $1.51B | $1.14B | $2.36B |
| Net income | $851.00M | $1.29B | $934.00M | $1.57B |
| Diluted EPS | — | — | 0.50 | 0.83 |
| Free cash flow | $1.21B | $977.00M | $1.05B | $1.01B |
| CapEx | -$1.16B | -$1.15B | -$1.36B | -$1.17B |
$42.68
▲ +0.57 (+1.4%)
| 52w hi | $43.46 |
|---|---|
| 52w lo | $20.03 |
| Vol | 4.31M |
| As of | Aug 13 |
Our score +0.34
| Short | +0.03 |
|---|---|
| Medium | +0.48 |
| Long | +0.68 |
computed 2026-08-13
Cenovus Energy Inc.
Energy · Oil & Gas Integrated
| Market cap | $78.71B |
|---|---|
| Enterprise value | $86.14B |
| Trailing P/E | 11.86x |
| Forward P/E | 11.76x |
| EV / EBITDA | 6.01x |
| P / S (ttm) | 1.46x |
| Profit margin | 12.4% |
| Return on equity | 20.9% |
| Revenue growth | +41.5% |
| Earnings growth | +239.1% |
| Debt / equity | 33.99 |
| Beta vs SPX | 0.67 |
|---|---|
| Corr SPX | 0.29 |
| Annual vol | 37.5% |
| Annual ret | +32.5% |
| Sharpe | 0.87 |
| Max DD | -46.0% |
Window: 504 trading days (493 obs)
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.37 | |
| Sector | +0.13 | |
| Technical | +0.10 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-08-13
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Aug 13 | $41.47 | $42.76 | $41.41 | $42.68 | 4.31M |
| Aug 12 | $41.20 | $42.28 | $41.20 | $42.11 | 6.55M |
| Aug 11 | $41.23 | $41.95 | $41.15 | $41.56 | 4.27M |
| Aug 10 | $39.85 | $41.55 | $39.85 | $41.18 | 5.03M |
| Aug 7 | $39.07 | $39.89 | $38.76 | $39.38 | 4.93M |