Cenovus Energy CVE
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Cenovus Energy (CVE) Business Model and Operations Summary
Cenovus Energy Inc is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.
Key Insights
Cenovus Energy (CVE) Core Market Data and Business Metrics
Latest Closing Price
$14.04Market Cap
$24.43 BillionTotal Outstanding Shares
1.82 Billion SharesTotal Employees
7,150Dividend
$0.18 Per Share QuarterlyIPO Date
November 2, 2009Primary Exchange
New York Stock Exchange
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Short Interest
Short Interest
This information is bi-monthly aggregated short interest data reported to the Financial Industry Regulatory Authority (FINRA) by broker-dealers.
Average Daily Volume: The average number of shares traded per day over the specified period.
Days to Cover: The estimated number of days it would take to cover all short positions based on average trading volume.
Settlement Date: The date on which the short interest data is considered settled, typically based on exchange reporting schedules.
Short Interest: The total number of shares that have been sold short but have not yet been covered or closed out.
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Short Interest | Bi-Weekly Change (%) | Settlement Date | Days to Cover |
|---|---|---|---|
| 57,415,596 Shares | +165.70% | 3/14/2025 | 3.81 |
| 21,609,191 Shares | +67.68% | 2/28/2025 | 1.78 |
| 12,886,911 Shares | -13.08% | 2/14/2025 | 1.3 |
| 14,826,070 Shares | +6.85% | 1/31/2025 | 1.26 |
| 13,875,898 Shares | +24.11% | 1/15/2025 | 1.39 |
| 11,180,502 Shares | -37.25% | 12/31/2024 | 1.61 |
Historical Dividends
Current dividend: $0.18 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Feb 20, 2025 | Mar 31, 2025 | Mar 14, 2025 | $0.18 | Quarterly |
| Oct 31, 2024 | Dec 31, 2024 | Dec 13, 2024 | $0.18 | Quarterly |
| Aug 1, 2024 | Sep 27, 2024 | Sep 13, 2024 | $0.18 | Quarterly |
| May 1, 2024 | Jun 28, 2024 | Jun 14, 2024 | $0.18 | Quarterly |
| May 1, 2024 | May 31, 2024 | May 17, 2024 | $0.135 | Quarterly |
| Feb 15, 2024 | Mar 28, 2024 | Mar 15, 2024 | $0.14 | Quarterly |