Cenovus Energy Inc

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  • uploads///COP WU_ Analysts
    Miscellaneous

    What’s Analysts’ Current Read on ConocoPhillips?

    On July 10, 2017, ~71% of the 24 analysts covering ConocoPhillips (COP) had “strong buy” or “buy” ratings on its stock.

    By Nicholas Chapman
  • uploads///Annotated
    Company & Industry Overviews

    Why More than Half of Analysts Rate BP as a ‘Hold’

    Analysts’ ratings for BP show that 31% of those surveyed rate it as “buy.” Another 62% rate it as a “hold,” and 7% of analysts rate it as a “sell.”

    By Maitali Ramkumar
  • uploads///Energy MWU_ Analysts
    Energy & Utilities

    What Are Wall Street’s Targets for DK, PBF, RDS.A, and CVE?

    Currently, ~50% of Wall Street analysts rate Cenovus Energy (CVE) a “strong buy” or “buy,” and ~43% rate it a “hold.”

    By Nicholas Chapman
  • uploads///Estimates
    Earnings Report

    Inside Eni’s 1Q16 Losses: Are Analysts Surprised?

    In 1Q16, Eni’s revenues of 12 billion euros, or about $13.8 billion, missed analyst estimates. Eni reported EPS of -0.48 euros, or about $0.55.

    By Maitali Ramkumar
  • uploads///refinery _
    Miscellaneous

    COP Posted Top Production, so Why the Year-over-Year Decline?

    ConocoPhillips (COP) reported production of 1,269 thousand barrels of oil equivalent per day (or Mboed) in the first quarter.

    By Keisha Bandz
  • uploads///Broker Recommendations
    Earnings Report

    Wall Street Weighs In after RSP Permian’s 1Q15 Earnings Release

    Approximately 65% of analysts tracking RSP Permian rate it a “buy,” and ~30% rate the company a “hold.” Only 5% of the analysts surveyed rate it a “sell.”

    By Alex Chamberlin
  • uploads///COP Q Post Production
    Earnings Report

    Analyzing ConocoPhillips’s 1Q18 Operational Performance

    For 1Q18, ConocoPhillips (COP) reported total production of 1,224 Mboepd—above its 1Q18 production guidance range of 1,180–1,220 Mboepd.

    By Nicholas Chapman
  • uploads///COP Q Pre Production
    Earnings Report

    Why ConocoPhillips Expects Lower Production in 4Q17

    For 4Q17, ConocoPhillips (COP) expects total production (USO) (UNG) in the range of 1,195–1,235 Mboepd (thousand barrels of oil equivalent per day).

    By Nicholas Chapman
  • uploads///Return
    Company & Industry Overviews

    Integrated Energy and Refiners: Inside the Returns and Volatilities

    In the past five days, the Energy Select Sector SPDR ETF (XLE) has risen 2.3%, while the S&P 500 Index has risen 0.7%.

    By Rabindra Samanta
  • uploads///Broker Recommendations
    Earnings Report

    BP after Its 2Q15 Earnings: Wall Street Analysts’ Forecasts

    Now let’s look at Wall Street analysts’ forecasts for BP following its 2Q15 earnings release.

    By Alex Chamberlin
  • Energy & Utilities

    Must-know: An overview of Encana Corp.

    ECA is based in Calgary, Canada. It’s an energy company. Its operations focus on the development of natural gas, natural gas liquids (or NGLs), and oil assets—mainly in the U.S. and Canada.

    By Manas Chowgule, CFA
  • Energy & Utilities

    Must-know: Phillips 66’s chemicals and refining assets

    Phillips 66’s (PSX) Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company (or CPChem). PSX owns interest in CPChem’s 35 manufacturing facilities across the world.

    By Alex Chamberlin
  • uploads///COP Q Divest Total Consideration
    Company & Industry Overviews

    ConocoPhillips’s Canadian Divestitures Explained

    On March 29, 2017, ConocoPhillips announced an agreement with Cenovus to sell 50% of its non-operated interest in its oil sands mining operations at Foster Creek Christina Lake in Alberta, Canada.

    By Nicholas Chapman
  • uploads///Broker Recommendation
    Earnings Report

    What Does Wall Street Recommend Based on Encana’s 1Q15 Earnings?

    Approximately 54% rate the company a “hold” or an equivalent. Currently, there’s no Wall Street analyst surveyed by Bloomberg recommending a “sell.”

    By Alex Chamberlin
  • uploads///Crude oil rig count
    Macroeconomic Analysis

    A Deeper Look into the 59% Drop in Oil Rigs since October 2014

    The weekly US crude oil rig count decreased by eight in the week ended May 15, down from 668 to 660.

    By Alex Chamberlin
  • uploads///IV
    Earnings Report

    Where Does Eni’s Implied Volatility Stand before Its Earnings?

    Currently, Eni’s (E) 15-day average implied volatility stands at 31.9. This is higher than the current daily volatility of 28.2.

    By Maitali Ramkumar
  • uploads///Segment Net Income growth
    Earnings Report

    ExxonMobil’s 2Q15 Upstream and Downstream Earnings Can Diverge

    ExxonMobil experienced volatility in its refining margins in the past few quarters.

    By Alex Chamberlin
  • uploads///EPS Estimates
    Earnings Report

    BP’s 2Q15 Adjusted Revenues and Earnings Beat Estimates

    BP’s 2Q15 adjusted revenues were $60.64 billion, 12% higher than the $54.31 billion consensus sell-side analysts’ revenue estimate.

    By Alex Chamberlin
  • uploads///XOM
    Energy & Utilities

    Exxon printed investment-grade bonds for the first time in 21 years

    Last week, Exxon Mobil issued a five-part $5.5 billion bond consisted of three and five-year fixed and floating rate notes and a ten-year tranche.

    By Sandra Nathanson
  • uploads///world GDP
    Energy & Utilities

    Why world economic growth impacts crude oil prices

    World economic growth will boost oil consumption, and the demand for crude oil will increase. This will lead to higher crude oil prices in the long term.

    By Gordon Kristopher
  • uploads///Energy MWU_ INTEGRATED Losses
    Miscellaneous

    Integrated Energy Losses This Week: PTR, YPF, CVE, PBR, and SU

    PetroChina (PTR) fell ~7.7% from the previous week’s close of $84.18 to $77.72 on June 14.

    By Nicholas Chapman
  • uploads///p
    Energy & Utilities

    Energy Stocks Outdid Oil and the Broader Market Last Week

    On March 2–9, 2018, oilfield services stock Superior Energy Services (SPN) rose the most on our list of energy stocks.

    By Rabindra Samanta
  • uploads///Energy MWU_ Integrated Analyst
    Energy & Utilities

    Analyzing Wall Street Targets for INT, ANDV and CVE

    To conclude the series on movers and shakers in the refining and marketing and integrated energy sector, we will now look at the Wall Street recommendations for some of the gainers and decliners, in this week, which we have been discussing in this series. Recommendations for World Fuel Services As of January 31, 2018, Reuters […]

    By Nicholas Chapman
  • uploads///SI
    Earnings Report

    Why Short Interest in BP Has Plunged

    BP (BP) has observed a fall in its short interest (percentage of outstanding shares) from 0.3% on October 2 to the current level of 0.2%, which usually shows that stock’s bearish sentiment has decreased.

    By Maitali Ramkumar
  • uploads///Energy MWU_ Integrated Gainers
    Energy & Utilities

    Integrated Energy Gainers This Week: CVE, PBR, CEO, STO, XOM

    Cenovus Energy (CVE) is the leading gaining stock in the current week from the integrated energy sector.

    By Nicholas Chapman
  • uploads///CVX
    Energy & Utilities

    What Analysts Think about Chevron

    17 out of the 25 analysts covering CVX have rated it a “buy” in December 2017.

    By Maitali Ramkumar
  • uploads///CVE
    Miscellaneous

    What Do Analysts Recommend for Cenovus?

    Seven out of the 14 analysts covering CVE have rated it a “buy” in December 2017.

    By Maitali Ramkumar
  • uploads///Rank
    Energy & Utilities

    Here Are Analysts’ Top 10 Integrated Energy Picks

    In this series, we’ll rank the top ten global integrated energy firms based on the “buy” ratings received from Wall Street analysts.

    By Maitali Ramkumar
  • uploads///Energy MWU_ Analyst
    Energy & Utilities

    Analyzing Wall Street Targets for DK, ANDV, and CVE

    As of November 23, 2017, four of the 14 analysts covering Delek US Holdings (DK) stock gave it a “strong buy” recommendation, and five gave it a “buy.”

    By Nicholas Chapman
  • uploads///Energy MWU_ INTEGRATED Losers
    Miscellaneous

    Integrated Energy Losers This Week: CVE, PBR, PTR, CEO, and YPF

    Cenovus Energy is the biggest loser this week from the integrated energy sector. It has fallen from last week’s close of $11.26 to $10.17 on November 15.

    By Nicholas Chapman
  • uploads///Energy MWU_ Analysts
    Energy & Utilities

    What Wall Street Analysts Recommend for HFC, PARR, and CVE

    The median price target for HFC is $38.00, which is ~10% lower than the November 8 closing price of $42.32.

    By Nicholas Chapman
  • uploads///contrarian
    Real Insights

    How Are Fallen Angel Bond Sectors Looking Now?

    VanEck  How the fallen angel sector exposure has made a difference The volume of fallen angel bonds in the market is increased primarily by deteriorating fundamentals of individual investment-grade bond issuers and by economic events that have weakened entire industry sectors (as seen in early 2016 in the energy sector with the aftermath of the […]

    By VanEck
  • uploads///COP Q San_Juan_Divest Operations
    Miscellaneous

    Why ConocoPhillips Is Divesting San Juan Basin Assets

    On April 13, 2017, ConocoPhillips (COP) announced an agreement with an affiliate of Hilcorp Energy to sell its upstream assets in the San Juan Basin.

    By Nicholas Chapman
  • uploads///IV
    Company & Industry Overviews

    Understanding XOM Stock through Implied Volatility

    The implied volatility in ExxonMobil (XOM) currently stands at 14%, down from 16% on January 3, 2017.

    By Maitali Ramkumar
  • uploads///Targets
    Earnings Report

    Analysts’ Recommendations for Shell: Most Say ‘Buy’

    Shell’s highest and lowest 12-month price targets stand at $66 and $53. It indicates a 27% and 2% rise from its current levels, respectively.

    By Maitali Ramkumar
  • uploads///Targets
    Earnings Report

    Suncor: How Analysts Are Rating the Stock after Earnings

    An analyst survey shows that six out of eight companies surveyed rated Suncor Energy (SU) an “overweight” or “outperform.”

    By Maitali Ramkumar
  • uploads///Analyst Rec
    Company & Industry Overviews

    Why Most Analysts Recommend ‘Holds’ on BP

    Analysts’ ratings for BP (BP) show that 31% of those covering the stock rate it as a “buy,” and 61% rate it as a “hold.”

    By Maitali Ramkumar
  • uploads///IV
    Earnings Report

    How Petrobras’s Implied Volatility Trended on Its Earnings Day

    Petrobras posted its earnings after the Market closed on August 11, 2016. In anticipation of the results, PBR’s implied volatility fell by 3.7% to 61.4.

    By Maitali Ramkumar
  • uploads///Targets
    Earnings Report

    Majority of Analysts Rate Suncor a ‘Buy’ after 2Q16 Earnings

    Analyst surveys show that eight of the nine analysts surveyed rated Suncor (SU) a “buy,” “overweight,” or “outperform.”

    By Maitali Ramkumar
  • uploads///IV
    Earnings Report

    Petrobras’s Pre-Earnings Results Implied Volatility

    Petrobras’s (PBR) implied volatility currently stands at 62.

    By Maitali Ramkumar
  • uploads///IH
    Earnings Report

    Petrobras’s Institutional Holdings, Pre-2Q16 Results

    Petrobras’s (PBR) institutional holdings currently stand at ~12%.

    By Maitali Ramkumar
  • uploads///Targets
    Earnings Report

    Why Are Most Analysts Recommending ‘Hold’ for BP?

    Three of ten companies surveyed have rated BP a “buy” or “outperform.” The highest 12-month price target for BP stands at $43, indicating a 26% rise from its current levels.

    By Maitali Ramkumar
  • uploads///Estimates
    Earnings Report

    How Will Shell Perform in 1Q16? Analysts Expect Weak Numbers

    Royal Dutch Shell (RDS.A) is set to release its 1Q16 results on May 4, 2016. In this series, we’ll look at 1Q16 estimates, segment outlook, stock performance, capex, costs, and restructuring plans.

    By Maitali Ramkumar
  • uploads///Correlations
    Company & Industry Overviews

    Do Eni’s Stock and Oil and Natural Gas Prices Correlate?

    Eni is insulated to a certain extent from oil price volatility due to its integrated model. However, the company is not immune to changes in oil prices.

    By Maitali Ramkumar
  • uploads///DMA
    Company & Industry Overviews

    Why Eni’s Stock Has Been Rising since February

    Integrated energy stocks have been rising since February 2016. From February 11, 2016, until April 1, 2016, Eni (E) saw its stock price rise by 17%.

    By Maitali Ramkumar
  • uploads///EPS Estimates
    Earnings Report

    Did ExxonMobil’s 3Q15 Earnings Beat Expectations?

    ExxonMobil’s (XOM) 3Q15 earnings exceeded expectations, with adjusted earnings per share of $1.01. That was 14% higher than the consensus sell-side analysts’ estimate of $0.89.

    By Alex Chamberlin
  • uploads///FCF
    Company & Industry Overviews

    Will Pioneer Natural Resources’ Free Cash Flow Improve?

    Pioneer Natural Resources’ free cash flows (or FCF) have mostly remained negative in the past 13 quarters.

    By Alex Chamberlin
  • uploads///Production
    Company & Industry Overviews

    What Is Pioneer Natural Resources’ Production Trend?

    Pioneer Natural Resources’ total production has been on an uptrend in the past 13 quarters.

    By Alex Chamberlin
  • uploads///International segment volume and price
    Earnings Report

    Did Marathon Oil’s 2Q15 International E&P Segment Perform Better?

    Marathon Oil’s International E&P segment’s profits fell due to lower average crude oil realized prices and lower natural gas and NGL production volumes in 2Q15.

    By Alex Chamberlin
  • uploads///M Net income and margin
    Earnings Report

    ExxonMobil’s Downstream Segment Saves the Day

    ExxonMobil’s downstream segment improved remarkably. Earnings more than doubled to $3.17 billion during 1H15 compared to the corresponding period in 1H14.

    By Alex Chamberlin
  • uploads///Estimate EPS
    Earnings Report

    Why Did ExxonMobil’s 2Q15 Earnings Fall Short of Expectations?

    ExxonMobil’s 2Q15 revenues beat Wall Street analysts’ consensus estimates. The adjusted revenue of $74.11 billion was 11% higher than the consensus sell-side estimate of $66.77 billion.

    By Alex Chamberlin
  • uploads///Crude oil rigs
    Macroeconomic Analysis

    Crude Oil Rigs Rise after 29 Weeks: What Does This Mean?

    Baker Hughes (BHI) reported that the weekly US crude oil rig count rose by 12, from 628 to 640, in the week ending July 2—the first rise in 29 weeks.

    By Alex Chamberlin
  • uploads///Crude oil rigs
    Macroeconomic Analysis

    Crude Oil Rigs Continue to Fall for 29 Straight Weeks

    Baker Hughes (BHI) reported that the weekly US crude oil rig count fell by three, from 631 to 628, in the week ending June 26. Rigs have fallen for 29 weeks.

    By Alex Chamberlin
  • uploads///Net debt to EBITDA
    Company & Industry Overviews

    Is EOG Resources’ Debt Rising?

    EOG Resources’ long-term debt was $6.39 billion at the end of 1Q15—compared to $5.90 billion in 1Q14. This was a rise of ~8%.

    By Alex Chamberlin
  • uploads///Production and Pries
    Company & Industry Overviews

    EOG Resources’ Production Volumes and Sales Prices Diverge

    EOG Resources’ average crude oil and condensates realized prices fell 36% from 4Q14 to 1Q15. Its natural gas and NGLs’ realized prices fell 26% and 33%.

    By Alex Chamberlin
  • uploads///Production
    Company & Industry Overviews

    Marathon Oil Production: Shaky for the Past 3 Years

    Marathon Oil’s crude oil and natural gas production took a downward swing over the past 13 quarters. This was led by the dip in Marathon’s international production, primarily in Libya.

    By Alex Chamberlin
  • uploads///Reserves
    Company & Industry Overviews

    Growth in Marathon’s Reserves Slows Down, Reserve Life Steadies

    Marathon Oil has witnessed moderate reserves growth over the past three years. Its proved reserves increased 1.2% to 2,198 MMBoe in 2014, from 2,171 MMBoe in 2013.

    By Alex Chamberlin
  • uploads///Production
    Company & Industry Overviews

    Production for Pioneer Natural Resources Eases in 1Q15

    In 1Q15, Pioneer Natural Resources’ total production decreased 5.6% from 4Q14 to 17.4 million barrels of oil equivalent (or MMBoe).

    By Alex Chamberlin
  • uploads///Crude oil rigs
    Macroeconomic Analysis

    Crude Oil Rigs Fall for 28 Weeks: Winners and Losers

    Baker Hughes (BHI) reported that the weekly US crude oil rig count fell by four, from 635 to 631, in the week ending June 19.

    By Alex Chamberlin
  • uploads///Reserves
    Company & Industry Overviews

    Growth in Pioneer’s Reserves Doesn’t Match Surging Production

    Pioneer’s production growth rate was stronger than its reserves growth in 2014. It would take Pioneer about 11 years to deplete its proved reserves under the 2014 production rate.

    By Alex Chamberlin
  • uploads///Oil rig count
    Macroeconomic Analysis

    Fewer Crude Oil Rigs for 26 Weeks: Who Gains, Who Loses?

    Last week, four crude oil rigs decreased in the Eagle Ford shale and two in Cana Woodford, partially offset by additions in the Mississippian Lime and Permian basins.

    By Alex Chamberlin
  • uploads///Oil rig count
    Macroeconomic Analysis

    Fewer Crude Oil Rigs for 25 Weeks: Who Gains and Who Loses?

    Baker Hughes (BHI) reported that the weekly US crude oil rig count decreased by 13, from 659 to 646, in the week ending May 29—compared to the previous week.

    By Alex Chamberlin
  • uploads///OCF
    Earnings Report

    Encana Performs Better with 1Q15 Cash Flow

    Encana’s (ECA) 1Q15 cash flow from operations was $482 million, or 49% less than the $943 million it recorded in 1Q14.

    By Alex Chamberlin
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