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CVE / Cenovus Energy: Preferred Shares Could Yield 8-12% Upon Reset

Cenovus Energy: Preferred Shares Could Yield 8-12% Upon Reset
Cenovus Energy is a large integrated oil and gas producer in Canada with strong financial results and high dividend coverage ratios. The Series 3 preferred shares currently yield 6.1%, but the dividend rate will reset at the end of 2024. The Series 1 preferred shares currently yield 5.5% and could offer a yield of 10-12.5% starting in Q1 2026, based on assumptions of a 3-4.15% long-term bond yield. Read More
Posted: Oct 14 2023, 11:40
Author Name: Seeking Alpha
Views: 112538

CVE News  

Cenovus Energy, CNQ shares higher on 3Q results

By Proactive Investors
November 2, 2023

Cenovus Energy, CNQ shares higher on 3Q results

Canadian Natural Resources Ltd (CNQ) on Thursday posted third-quarter adjusted earnings per share (EPS) that exceeded analysts' expectations on record more_horizontal

Cenovus Energy's quarterly profit rises as production climbs

By Reuters
November 2, 2023

Cenovus Energy's quarterly profit rises as production climbs

Canadian oil and gas firm Cenovus Energy's quarterly profit rose on Thursday, helped by strong demand for crude oil amid tight supplies and higher pro more_horizontal

Will Cenovus (CVE) Beat Estimates Again in Its Next Earnings Report?

By Zacks Investment Research
October 24, 2023

Will Cenovus (CVE) Beat Estimates Again in Its Next Earnings Report?

Cenovus (CVE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat i more_horizontal

Harland & Wolff spikes 15% after winning large oil vessel contract with Cenovus

By Proactive Investors
October 20, 2023

Harland & Wolff spikes 15% after winning large oil vessel contract with Cenovus

Shares in Harland & Wolff Group (AIM:HARL) were winched up 15% to 13p after the Belfast shipbuilder said it has won a £61 million contract to upgra more_horizontal

Cenovus Energy: Preferred Shares Could Yield 8-12% Upon Reset

By Seeking Alpha
October 14, 2023

Cenovus Energy: Preferred Shares Could Yield 8-12% Upon Reset

Cenovus Energy is a large integrated oil and gas producer in Canada with strong financial results and high dividend coverage ratios. The Series 3 pref more_horizontal

Here's Why Hold Strategy is Apt for Cenovus (CVE) Stock Now

By Zacks Investment Research
October 12, 2023

Here's Why Hold Strategy is Apt for Cenovus (CVE) Stock Now

Cenovus (CVE) remains dedicated to debt reduction through free cash flow generation and asset divestment. more_horizontal

Cenovus Energy Inc: Not Getting A Lot Of Value Here

By Seeking Alpha
October 5, 2023

Cenovus Energy Inc: Not Getting A Lot Of Value Here

Cenovus Energy's dividend yield has fallen since 2014 and is now nearing a 2% yield. The company's thermal business generates substantial cash flow, p more_horizontal

Invest in Fusion Energy With These 3 Stocks to Buy

By InvestorPlace
September 18, 2023

Invest in Fusion Energy With These 3 Stocks to Buy

Fusion energy stocks will only gain more attention between now and 2030. The first fusion power plants will likely be operational by that date. more_horizontal


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