Drew Zieglgansberger - Cenovus Energy Executive Vice-President - Oil Sands Manufacturing
| CVE Stock | USD 21.23 0.04 0.19% |
President
Mr. J. Drew Zieglgansberger is Executive Vice President Upstream of the Company since 2018.
| Tenure | 6 years |
| Address | 4100, 225 ? 6 Avenue SW, Calgary, AB, Canada, T2P 0M5 |
| Phone | 403 766 2000 |
| Web | https://www.cenovus.com |
Cenovus Energy Management Efficiency
The company has Return on Asset of 0.0616 % which means that on every $100 spent on assets, it made $0.0616 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.146 %, implying that it generated $0.146 on every 100 dollars invested. Cenovus Energy's management efficiency ratios could be used to measure how well Cenovus Energy manages its routine affairs as well as how well it operates its assets and liabilities. As of April 25, 2024, Return On Tangible Assets is expected to decline to 0.04. In addition to that, Return On Capital Employed is expected to decline to 0.07. At present, Cenovus Energy's Other Current Assets are projected to increase significantly based on the last few years of reporting. The current year's Net Tangible Assets is expected to grow to about 29.1 B, whereas Non Current Assets Total are forecasted to decline to about 29.8 B.Similar Executives
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Management Performance
| Return On Equity | 0.15 | ||||
| Return On Asset | 0.0616 |
Cenovus Energy Leadership Team
Elected by the shareholders, the Cenovus Energy's board of directors comprises two types of representatives: Cenovus Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cenovus. The board's role is to monitor Cenovus Energy's management team and ensure that shareholders' interests are well served. Cenovus Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cenovus Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kieron McFayden, Executive Vice President and Presidentident - Upstream Oil & Gas | ||
| Keith Chiasson, Executive Vice President - Downstream | ||
| Wayne Shaw, Independent Director | ||
| Jacqueline McGillivray, Executive Vice President - Safety & Organization Effectiveness | ||
| Valerie Nielsen, Independent Director | ||
| Kam Sandhar, Senior Vice-President, Strategy & Corporate Development | ||
| Joseph Zieglgansberger, Executive Officer | ||
| Kin Fok, Non-Independent Director | ||
| Gary Molnar, Vice-President - Legal, Assistant General Counsel and Corporate Secretary | ||
| Ralph Cunningham, Independent Director | ||
| Michael Grandin, Independent Chairman of the Board | ||
| Drew Zieglgansberger, Executive Vice-President - Oil Sands Manufacturing | ||
| Colin Taylor, Independent Director | ||
| Harbir Chhina, Executive Vice President, Chief Technology Officer | ||
| Ian Delaney, Independent Director | ||
| Susan Dabarno, Independent Director | ||
| Harold Kvisle, Independent Director | ||
| P Dahlin, Executive Vice President - Safety & Operations Technical Services | ||
| Jason Abbate, Senior Relations | ||
| Jonathan McKenzie, Chief Financial Officer, Executive Vice President | ||
| Jeffrey Hart, Chief Financial Officer, Executive Vice President | ||
| Charles Rampacek, Independent Director | ||
| Sarah Walters, Senior Vice President - Corporate Services, Director | ||
| Alan Reid, Executive Vice President - Environment, Corporate affairs and Legal, General Counsel | ||
| M Lewis, Independent Director | ||
| Frank Sixt, Non-Independent Director | ||
| Brian Ferguson, President CEO, Non-Independent Director | ||
| J Zieglgansberger, Executive Vice President, Upstream - Conventional & Integration | ||
| Robert Pease, Executive Vice-President of Corporate Strategy and President of Downstream | ||
| Keith Casey, Independent Director | ||
| Sherry Wendt, Director Relations | ||
| Richard Marcogliese, Independent Director | ||
| Steven Leer, Independent Director | ||
| Ivor Ruste, CFO, Executive Vice President | ||
| Karamjit Sandhar, Executive Vice President - Strategy & Corporate Development | ||
| Canning Fok, Non-Independent Director | ||
| Jacqui McGillivray, Executive Vice President - Safety & Organization Effectiveness | ||
| Norrie Ramsay, Executive Vice President, Upstream - Thermal, Major Projects & Offshore | ||
| Alexander Pourbaix, President, Chief Executive Officer, Non-Independent Director | ||
| Rhona Delfrari, Senior Vice President - Stakeholder Engagement, Chief Sustainability Officer | ||
| Kam CA, Executive CFO | ||
| Jonathan CA, CEO President | ||
| Eva Kwok, Independent Director | ||
| Patrick Daniel, Independent Chairman of the Board | ||
| Jane Kinney, Independent Director | ||
| Judy Fairburn, Executive Vice President - Business Innovation | ||
| Susan Anderson, VicePres Services | ||
| Wayne Thomson, Independent Director | ||
| Rhonda Zygocki, Independent Director | ||
| Alex Pourbaix, President CEO, Director | ||
| Keith MacPhail, Independent Chairman of the Board | ||
| Claude Mongeau, Independent Director | ||
| Jeffery LLB, Senior Development |
Cenovus Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Cenovus Energy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.15 | ||||
| Return On Asset | 0.0616 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 48.07 B | ||||
| Shares Outstanding | 1.87 B | ||||
| Shares Owned By Insiders | 31.50 % | ||||
| Shares Owned By Institutions | 55.56 % | ||||
| Number Of Shares Shorted | 28.29 M | ||||
| Price To Earning | 14.01 X |
Pair Trading with Cenovus Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cenovus Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cenovus Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Cenovus Stock
| 0.78 | E | Eni SpA ADR Financial Report 26th of April 2024 | PairCorr |
| 0.96 | BP | BP PLC ADR Financial Report 7th of May 2024 | PairCorr |
| 0.97 | SU | Suncor Energy Financial Report 13th of May 2024 | PairCorr |
Moving against Cenovus Stock
| 0.74 | EP | Empire Petroleum Corp | PairCorr |
| 0.48 | PBR | Petroleo Brasileiro Aggressive Push | PairCorr |
| 0.44 | SLNG | Stabilis Solutions | PairCorr |
The ability to find closely correlated positions to Cenovus Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cenovus Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cenovus Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cenovus Energy to buy it.
The correlation of Cenovus Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cenovus Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cenovus Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cenovus Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenovus Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Cenovus Stock analysis
When running Cenovus Energy's price analysis, check to measure Cenovus Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cenovus Energy is operating at the current time. Most of Cenovus Energy's value examination focuses on studying past and present price action to predict the probability of Cenovus Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cenovus Energy's price. Additionally, you may evaluate how the addition of Cenovus Energy to your portfolios can decrease your overall portfolio volatility.
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Is Cenovus Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cenovus Energy. If investors know Cenovus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cenovus Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.03) | Dividend Share 0.525 | Earnings Share 1.54 | Revenue Per Share 27.541 | Quarterly Revenue Growth (0.07) |
The market value of Cenovus Energy is measured differently than its book value, which is the value of Cenovus that is recorded on the company's balance sheet. Investors also form their own opinion of Cenovus Energy's value that differs from its market value or its book value, called intrinsic value, which is Cenovus Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cenovus Energy's market value can be influenced by many factors that don't directly affect Cenovus Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cenovus Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cenovus Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cenovus Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.