Cenovus Energy Inc CVE

Cenovus Energy is a Canadian company supplying energy services across Canada and the USA. Based in Calgary, the company was founded in 2009 and is engaged in developing, producing, and marketing various energy products including crude oil, natural gas liquids, and natural gas. The company has established natural gas and oil production in both Alberta and British Columbia and has part ownership over two refineries based in the USA.

The firm employs around 2300 people and is traded publicly on the NYSE, using the ticker CVE. In October 2020, the CVE price chart was showing a 52-week low of $1.41 and a 52-week high of $10.52. The company pays a dividend, and shareholders can choose to be paid in cash or shares via the company’s Dividend Reinvestment Plan (DRIP). In 2020, CVE offered a dividend yield of 4.74%.

CVE is committed to developing their assets in a safe, sustainable and cost-efficient way, carefully integrating risk management strategies into their daily operations. The firm actively partners with other organisations, institutions, scientists, and entrepreneurs to develop innovative solutions and work on sustainability initiatives.

If you are interested in supplementing your portfolio with an energy company, consider adding Cenovus Energy to your watchlist so that you can track CVE price movements.