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28 Pages

Cenovus Energy corporate - reported results analysis


Cenovus Energy corporate - reported results analysis

Report summary

Cenovus posted an upbeat set of Q1 results, reaffirming our base-case view of the company. For the second consecutive quarter, it delivered net income. Total production continues to rise and was up 19% year-on-year. Our five-year production CAGR estimate for Cenovus is the strongest in the Focused Canadian peer group.

Cenovus continued to make progress with cost reductions in Q1. Lower costs, increasing production, and an almost three-fold increase in Cenovus’ crude sales price drove up net earnings to Cdn$211 million for the quarter. The results were slightly overshadowed by some shareholder discontent regarding the ConocoPhillips deal. However, Cenovus announced it remains confident in the long-term potential for the acquisition to transform the company. 

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  • Cenovus Energy corporate - reported results analysis PDF - 408.26 KB 28 Pages, 0 Tables, 2 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Reported Results Analysis report provides rapid response analysis on company quarterly results and strategy presentations. Use it to gain the upper hand with Wood Mackenzie's opinion on the latest corporate developments.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Q1 2017
    • Key takeaways
    • Overview
  • Q4 2016
    • Operational performance
    • Financial performance
  • Q3 2016
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q2 2016
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q1 2016
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q4 2015
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
  • Q3 2015
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
  • Q2 2015
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
  • Q1 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q4 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q3 2014
    • Overview
    • Strategy / Investment
    • Operational Performance
    • Financial Performance
    • M&A
  • Q2 2014
    • Overview
    • Strategy / Investment
    • Operational Performance
    • Financial Performance
  • Q1 2014
    • Overview
    • Strategy / Investment
    • Operational Performance
    • Financial Performance
    • M&A
  • Q4 2013
    • Overview
    • Strategy / Investment
    • Operational Performance
    • Financial Performance
  • Q3 2013
    • Overview
    • Strategy / investment
    • Operational Performance
    • Financial Performance
  • Q2 2013
    • Overview
    • Strategy / investment
    • Operational Performance
    • Financial Performance
  • Q1 2013
    • Overview
    • Strategy / investment
    • Operational Performance
    • Financial Performance

In this report there are 2 tables or charts, including:

  • Q1 2017
    • Cenovus: evolution of quarterly net income
    • Cenovus: evolution of quarterly production
  • Q4 2016
  • Q3 2016
  • Q2 2016
  • Q1 2016
  • Q4 2015
  • Q3 2015
  • Q2 2015
  • Q1 2015
  • Q4 2014
  • Q3 2014
  • Q2 2014
  • Q1 2014
  • Q4 2013
  • Q3 2013
  • Q2 2013
  • Q1 2013
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