Now as long as the situation in April and early May does not repeat for a long period of time, this company should be able to get through the coronavirus challenges without a lot of financial damage. View all CVE assets, cash, debt, liabilities, shareholder equity and investments. Any dividend restoration will not be a consideration until the coronavirus is comfortably in the rearview mirror. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. I have no business relationship with any company whose stock is mentioned in this article. Cenovus Energy Inc. quarterly balance sheet by MarketWatch. Find the latest Financials data for Cenovus Energy Inc Common Stock (CVE) at Nasdaq.com. Cenovus Energy stretched to buy the remaining partnership interest of the thermal oil (and some other assets) of ConocoPhillips ().Luckily for shareholders, Cenovus Energy basically completed the deleveraging process by selling the noncore assets while retaining much of the production because this coronavirus situation has dried up the cash flow and severely hurt the balance sheet. Other Liabilities (excl. Fundamental company data and analyst estimates provided by FactSet. (Canadian dollars Unless Otherwise Requested). Now a diversification program needs to become a top priority to insulate the thermal production from these periodic market price dives that cost some very significant negative cash flows. All rights reserved. Wir und unsere Partner nutzen Cookies und ähnliche Technik, um Daten auf Ihrem Gerät zu speichern und/oder darauf zuzugreifen, für folgende Zwecke: um personalisierte Werbung und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr über die Zielgruppe zu erfahren sowie für die Entwicklung von Produkten. Disclosure: I am/we are long CVE. CVE: Cenovus Energy Inc balance sheet. Start Your Risk-Free Trial Subscription Here, PetMed Express (NASDAQ:PETS) Is A High-Yield Value For Income Investors, Hasbro (NASDAQ:HAS) Reports Earnings, It’s Time To Go Toy Shopping. Learn more. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. But no hedging is not real wise when there is a discounted product like thermal oil. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Learn more about Zacks Equity Research reports. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Some things, such as the expansion of the refinery partnership would require the cooperation of the partner. But the last year or so call any premium into question as this has been quite a time for the oil and gas industry. Sometimes the thermal product has a premium to WCS. Source: Cenovus Energy Second Quarter 2020, Earnings Report. Interested? Exch. But that has not always been the case in past industry downturns. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. There is plenty of time for the coronavirus to fade into the rearview mirror before any debt becomes due. Thermal oil, when the business runs efficiently, can be very profitable over time. However, the discussion for that breakeven needs to include the relationship of WCS to WTI. Oftentimes the WCS price weakens more than WTI during a downturn to further challenge a breakeven objective. Therefore, debt repayment will be a priority before there is any talk of a dividend. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. Damit Verizon Media und unsere Partner Ihre personenbezogenen Daten verarbeiten können, wählen Sie bitte 'Ich stimme zu.' Gain, Unrealized Gain/Loss Marketable Securities, Total Shareholders' Equity / Total Assets. That led this management to not do any hedging. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. 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Zacks Rank Education -- Learn more about the Zacks Rank Right now WCS has a relatively small discount to WTI. Exch. Cenovus Energy expects to be cash flow positive for the rest of the fiscal year. Please log in to your account or sign up in order to add this asset to your watchlist. Worse yet, there could be a $1.6 billion bomb waiting to explode, hidden within the company’s balance sheet. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Sign up here for a free two-week trial. Cookie Notice. Get the annual and quarterly balance sheet of Cenovus Energy Inc (CVE) including details of assets, liabilities and shareholders' equity. Deferred Income), Cumulative Translation Adjustment/Unrealized For. These returns cover a period from January 1, 1988 through August 31, 2020. Investors can bet that management will keep debt very low in the future whenever possible as a result of this experience. 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