Cenovus Energy Inc. CVE

Cenovus Energy has surged back into focus after a long run in the share price and a headline acquisition, which raises a simple question for investors who care about fundamentals: Does the current market value still line up with what the company is earning today? Over the past 5 years Cenovus Energy has returned 254.9%, which puts real pressure on the current earnings profile to justify where the stock now trades. The planned C$5.7b purchase of Athabasca Oil, with its added production and...

Cenovus Energy (TSX:CVE) moved into focus after agreeing to acquire Athabasca Oil in a C$5.7b cash and stock deal, a transaction that would expand its Alberta oil sands footprint. Cenovus Energy shares have cooled in the very short term, with the 7 day share price return down 1.29% and the 30 day move lower by 2.59%. This comes even as the 90 day share price return of 18.51% and 1 year total shareholder return of 81.14% point to strong underlying momentum. Recent headlines around the...

Cenovus Energy (TSX:CVE) signed a definitive agreement to acquire Athabasca Oil Corporation in a C$5.7b transaction. The deal would expand Cenovus Energy's oil sands footprint and increase exposure to thermal and Duvernay assets in Alberta. The transaction remains subject to shareholder and regulatory approvals before closing. Cenovus Energy's C$5.7b Athabasca Oil acquisition is important, but it should not dominate your full view of the stock. Our analysis turns up 3 warning signs (1 major)...

The cash and stock transaction adds 45,000boepd of sands production and is expected to generate $59.56m (C$85m) in annual synergies.

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Tighten their grip on northern Alberta in back-to-back announcements

Cenovus Energy shares fell sharply on Monday as investors weighed the debt impact of its planned acquisition of Athabasca Oil and a same-day downgrade from UBS, adding to pressure from a weaker Canadian equity market and softer oil prices.

Cenovus Energy Inc (TSX:CVE), the Canadian oil producer, said Monday it would buy Athabasca Oil (TSX:ATH) in a C$5.7 billion (approx. $4 billion) cash-and-stock deal, expanding its Alberta oil sands operations. The acquisition follows Cenovus’s purchase of MEG Energy last year and adds...

Energy stocks were declining premarket Monday, with the State Street Energy Select Sector SPDR ETF (