Cenovus Energy is engaged in developing, producing and marketing crude oil, natural gas liquids (NGLs) and natural gas in Canada with marketing activities and refining operations in the U.S. Co.'s reportable segments include: Oil Sands, which includes the development and production of bitumen in northeast Alberta including Foster Creek, Christina Lake and Narrows Lake as well as other projects; Deep Basin, which includes several acres of land primarily in the Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas, which have natural gas and NGLs; and Refining and Marketing, which is responsible for transporting, selling and refining crude oil into petroleum and chemical products. The CVE stock yearly return is shown above.
The yearly return on the CVE stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2018 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the CVE annual return calculation with any dividends reinvested as applicable (on ex-dates).
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