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Alex Pourbaix, CEO of Cenovus Energy: “This transition, if done correctly and if we’re able to materially decarbonize the Canadian barrel of oil, I actually think it should result in more jobs — and materially more jobs — in the Canadian energy sector.”
At the end of 2022, Cenovus total proved reserves were relatively unchanged at approximately 6.1 billion BOE, while total proved plus probable reserves increased 7% to approximately 8.9 billion BOE.
Source: https://investingnews.com/cenovus-announces-2022-full-year-and-fourth-quarter-results/
Belpointe Asset Management LLC acquired a new position in shares of Cenovus Energy during the fourth quarter worth approximately $51,000.
Cenovus Energy Inc. says its refinery throughput for the third quarter of 2022 and the first quarter of 2023 will be weaker than expected.
Cenovus Energy’s dividend payout ratio (DPR) is currently 15.42%.
Cenovus expects the refinery will ramp to full rates by mid-second quarter.
Source: https://www.limaohio.com/news/2023/03/01/cenovus-buys-toledo-refinery/
Finally, BMO Capital Markets lowered their price objective on Cenovus Energy from C$30.00 to C$27.00 in a research report on Monday.
Gateway Investment Advisers LLC raised its holdings in shares of Cenovus Energy by 61.2% during the 2nd quarter.
Macquarie Group Ltd. increased its position in Cenovus Energy by 12.5% during the fourth quarter.
Ronald Blue Trust Inc. purchased a new stake in shares of Cenovus Energy in the 2nd quarter valued at approximately $35,000.