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Friday, September 22, 2017

Long trade : CVE +30% (9/17)

  1. 8/31:  #1, 2, 5, 22, 23, 95;  vol. 5.0 M      +30%
  2. 9/11:  #97; vol. 3M      +22%
An integrated oil company headquartered 
  • Cenovus was formed on December 1, 2009 when Encana (ECA) split into two distinct companies.
  • Headquarters: Calgary, Alberta, Canada
  • Number of employees: ~3,500 (2016)
  • cenovus.com
  • In March 2017, Cenovus reached an agreement to purchase ConocoPhillips’ 50% share of their FCCL oil sands projects, as well as most of their Deep Basin conventional assets in Alberta and British Columbia.


Description

Cenovus Energy Inc is a Canada-based integrated oil company. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada. The Company also conducts marketing activities and owns refining interests in the United States (U.S.). Its segments include: Oil Sands, which includes the development and production of bitumen and natural gas in northeast Alberta; Conventional, which includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn and emerging tight oil opportunities; Refining and Marketing, which includes transporting and selling crude oil and natural gas and joint ownership of refineries in the U.S., as well as Corporate and Eliminations.

Key stats and ratios

Q2 (Jun '17)2016
Net profit margin63.93%-4.49%
Operating margin4.95%-2.82%
EBITD margin-9.73%
Return on average assets29.76%-2.14%
Return on average equity65.90%-4.55%
Employees2,775

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