Cenovus Outlines Capital Plan for 2026, Projects 4% Upstream Growth

CVE sets its $5-$5.3B capital plan for 2026, targeting 4% upstream growth and steady output across its upstream and refining segments.

Zacks Investment Research • Dec 12, 2025

Cenovus announces 2026 capital budget and corporate guidance

CALGARY, Alberta, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2026 capital budget and corporate guidance.

GlobeNewsWire • Dec 11, 2025

Cenovus Energy: Buying Scale, Boosting Returns, And Still Undervalued

Cenovus Energy (CVE) remains a buy, driven by the strategic MEG Energy acquisition and robust operational performance. The MEG deal adds 110,000 bbl/d, unlocks >C$400M annual synergies by 2028, and enhances efficiency in core oil sands assets. Q3 saw record upstream production (832,900 boe/d), strong downstream utilization (99%), and net earnings rise to C$1.29B despite lower oil prices.

Seeking Alpha • Dec 7, 2025

Here's Why Cenovus Energy (CVE) is a Strong Momentum Stock

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Zacks Investment Research • Dec 3, 2025

Cenovus announces closing of $2.6 billion offering of senior notes and redemption of select notes

CALGARY, Alberta, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has completed a public offering in Canada and the United States of $2.6 billion in senior notes comprised of $650 million of 4.250% senior unsecured notes due 2033, $550 million of 4.600% senior unsecured notes due 2035, US$500 million of 4.650% senior unsecured notes due 2031, and US$500 million of 5.400% senior unsecured notes due 2036 (collectively, the “Offering”). The Offering was made under Cenovus's short form base shelf prospectus dated November 3, 2023, and prospectus supplements dated November 18, 2025, filed with securities regulatory authorities in Canada and the United States, and in certain Canadian provinces on a private placement basis pursuant to an offering memorandum.

GlobeNewsWire • Nov 20, 2025

Cenovus Energy announces $2.6 billion offering of senior notes

The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the offering of Canadian Notes will be accessible through SEDAR+ within two business days.

GlobeNewsWire • Nov 19, 2025

Why Cenovus Energy (CVE) is a Top Momentum Stock for the Long-Term

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Zacks Investment Research • Nov 17, 2025

Cenovus announces closing of MEG Energy acquisition

CALGARY, Alberta, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is pleased to announce that its acquisition of MEG Energy Corp. (TSX: MEG) (MEG) was completed today. This acquisition strengthens Cenovus's portfolio of long-life, low-cost oil sands assets, adding top-tier operations that are directly adjacent to the company's Christina Lake asset.

GlobeNewsWire • Nov 13, 2025

Cenovus Energy announces renewal of share buyback program

CALGARY, Alberta, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that the Toronto Stock Exchange (“TSX”) has approved the renewal of the company's normal course issuer bid (“NCIB”) to purchase up to 120,250,990 common shares during the 12-month period commencing November 11, 2025 and ending November 10, 2026.

GlobeNewsWire • Nov 7, 2025

MEG Energy shareholders vote in favor of Cenovus' takeover bid

Canadian oil sands producer MEG Energy shareholders on Thursday voted in favor of a buyout by Cenovus Energy.

Reuters • Nov 6, 2025