NYSE · Energy

CENOVUS ENERGY INC CVE

Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China. It operates through Upstream and Downstream segments. The company is involved in the development and production of bitumen and heavy oil; owns and operates pipeline gathering systems and terminals; operation of assets rich in NGLs and natural gas in Alberta and British Columbia; and offshore operations, exploration, and development activities in the East Coast of Canada and the Asia Pacific region.

Oil & Gas Production

Company profile

Business mix

  • It operates through Upstream and Downstream segments.
  • It also engages in refining, such as owned and operated Lloydminster upgrading and asphalt refining complex.
  • Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.

Current key questions

  • How sensitive are revenue and cash flow to commodity prices, production volumes, and demand in oil & gas integrated?
  • Can capital spending, reserves, decline rates, and operating costs support durable free cash flow?
  • Do balance-sheet discipline and shareholder returns remain resilient across the energy cycle?
Holders 2 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE 15.97 FCF 5.75% Buyback 1.06%
2026-06-07

Current firm holders

Firm Weight Value Filing period
GQG Partners Rajiv Jain 1.1% $708.3M 2026-03-31
Smead Capital Management 8.6% $394.5M 2026-03-31

Recent trading changes over the last 4 quarters

Net buyers 1 Last 4 13F filing periods
Net reducers 1 Last 4 13F filing periods
Unchanged holders 0 Share count unchanged
Increase amount $708.3M Estimated from net added shares
Reduction amount $16.7M Estimated from net reduced shares
Net share change / base shares +168.7% +26,146,554 / 15,495,912
Smead Capital Management 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Minor increase Shares 13.3% 13F value change +$23.6M
13F 2025-09-30 Filed 2025-11-10
Minor reduction Shares -6.6% 13F value change +$39.2M
13F 2025-12-31 Filed 2026-02-09
Minor increase Shares 2.3% 13F value change +$5.4M
13F 2026-03-31 Filed 2026-05-14
Minor reduction Shares -11.3% 13F value change +$110.8M
Settlement As of 13F 2026-03-31 · Filed 2026-05-14
Base shares 15,495,912 Last 4 periods -627,909 (-4.1%) Total shares 14,868,003 Value $394.5M
GQG Partners Rajiv Jain 1 filing periods
13F 2026-03-31 Filed 2026-05-12
New Shares - 13F value change +$708.3M
Settlement As of 13F 2026-03-31 · Filed 2026-05-12
Base shares 0 Last 4 periods +26,774,463 (New) Total shares 26,774,463 Value $708.3M

Recent mentions

No public mentions.