Jun. 01, 2025 10:16 PM ETCenovus Energy Inc. (CVE) Stock, CVE:CA StockPSX, CNVEF, CVE.PR.A:CA, CVE.PR.B:CA, CVE.PR.G:CA, CVE.WS, CVE.WT:CA, CVE, CVE:CALong PlayerInvesting Group Leader(8min)SummaryCenovus Energy's rapidly growing dividend is well-supported by integrated operations and low-cost thermal assets.Preferred share retirement, growing dividends, and share buybacks highlight strong shareholder returns.There is financial flexibility to sustain dividends and capital spending.Integration and optimization will continue.Thermal companies often have free cash flow and cash flow well even when the company is losing money because of a sizable depreciation component caused by large upfront costs.This idea was discussed in more depth with members of my private investing community, Oil & Gas Value Research. Learn More »Dragon ClawsCenovus Energy (NYSE:CVE) (TSX:CVE:CA) increased the dividend yet again to C$.20 per share each quarter. This rapidly growing dividend is backed by the newly integrated operations of the company. Additionally, the thermal operations often require largeI analyze oil and gas companies like Cenovus Energy and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up here for a free two-week trial.This article was written byLong Player23.8K FollowersLong Player believes oil and gas is a boom-bust, cyclical industry. It takes patience, and it certainly helps to have experience. He has been focusing on this industry for years. He is a retired CPA, and holds an MBA and MA.He leads the investing group Oil & Gas Value Research. He looks for under-followed oil companies and out-of-favor midstream companies that offer compelling opportunities. The group includes an active chat room in which Oil & Gas investors discuss recent information and share ideas. Learn more.Analyst’s Disclosure: I/we have a beneficial long position in the shares of CVE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Disclaimer: I am not an investment advisor and this is not a recommendation to buy or sell a security. Investors are recommended to read all of the company's filings and press releases as well as do their own research to determine if the company fits their own investment objectives and risk portfolios.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.CommentsRecommended For You