Our updates keep you on top of your stocks: Cenovus Energy, Great-West Lifeco Inc. and TD Bank

Article Excerpt

CENOVUS ENERGY, $9.32, is a buy for the Resources segment of your portfolio. The company (Toronto symbol CVE; Shares o/s: 1.2 billion; Market cap: $11.5 billion; TSINetwork Rating: Average; Dividend yield: 2.7%; www.cenovus.com) owns 100% of the Christina Lake and Foster Creek oil sands properties in Alberta. Cenovus also owns 50% of an oil refinery in Illinois and one in Texas. Phillips 66 (New York symbol PSX) holds the other 50%. In the quarter ended December 31, 2019, Cenovus produced an average of 467,448 barrels of oil equivalent per day (86% oil, 14% natural gas). That’s up 8.0% from 432,713 barrels a year earlier. The rise is due to the Alberta government’s move to relax the province’s crude oil production cap and Cenovus’s increased shipments of crude by rail. Alberta’s production cap is also helping to boost prices for Western Canadian oil. That benefited investors by helping spur Cenovus’s revenue in the quarter to a 6.4% rise—to $4.89 billion from $4.55 billion. Cenovus also continues…

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