Cenovus Energy Inc. Stock News

Canadian oil producer Cenovus Energy said on Thursday it had restarted production at its Christina Lake oil sands facility in Alberta, following a temporary shutdown due to nearby wildfire activity.

CALGARY, Alberta, June 12, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has now safely ramped up production at its Christina Lake oil sands asset following wildfire activity in the area. Production operations restarted on June 3 and production was ramped up over the course of the week.

The U.S. is still reliant on Canadian oil imports, despite claims made by U.S. President Donald Trump, Cenovus Energy's CEO said on Tuesday at a conference in Calgary, Alberta.

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CALGARY, Alberta, June 02, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (“Cenovus” or the “Company”) (TSX: CVE) (NYSE: CVE) announced today it will exercise its right to redeem the Company's 3.935% Series 7 Preferred Shares (the “Series 7 Preferred Shares”) on June 30, 2025 (the “Redemption”). All 6 million Series 7 Preferred Shares outstanding will be redeemed at the price of $25.00 per share,...

Cenovus Energy's rapidly growing dividend is well-supported by integrated operations and low-cost thermal assets. Preferred share retirement, growing dividends, and share buybacks highlight strong shareholder returns. There is financial flexibility to sustain dividends and capital spending.

CALGARY, Alberta, June 01, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is providing an update on its Oil Sands operations following ongoing wildfire activity in northern Alberta. Cenovus is focused on the safety of its people and the integrity of its assets, and all staff are safe. Based on the inspections the company has completed to date, it is not aware of any damage ...

Cenovus Energy offers disciplined growth, low-cost operations, and rising shareholder returns through aggressive buybacks and a growing dividend. Production is set to grow by 40% per share, with major projects—Narrow Lake and West White Rose—driving long-term output and cash flow. CVE trades at a discount to peers despite its production-per-share growth potential and share buybacks, making it a...