Canadian stock alert


CLOSING UPDATE: Cenovus Energy decreased further 0.5% - underperforming 91% of stocks 21 July 2017 18:19 EDT


This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Cenovus Energy, Canada's 4th largest oil & gas - integrated company by market capitalisation, has dropped 24.0c (or 2.5%) today to trade at CAD9.34 and has underperformed 91% of the market in the past three months. Compared with the S&P/TSX 60 Index which fell 4.9 points (or 0.6%) in the day, this represented a relative price change of -2.0%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.34 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The 5.1% premium to 12-month low of CAD8.89 against the 57.2% discount to high of CAD21.84 suggests the stock continues to push for new lows.

+ In the last three months the stock has hit a new 52-week low twenty-four times, pointing to a significant downtrend.

+ The present value of CAD1,000 invested one year ago is CAD517 [vs CAD1,056 for the S&P/TSX 60 Index].

Fundamental measures by comparison with the sector average [in brackets] indicate:


+ Price to Book of 1 [0.8]

Other Bearish Signals include:

+ Net profit margin has averaged 1.3% in the last 3 years. This suggests the company is less profitable with a low margin of safety.


Bullish Signals:

The price increased 0.9% in the last week and lifted 2.2% in the last month.

The company is cash rich with Cash to Market Capitalisation at 32.4%.

Tobin's Q Ratio is 0.5. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

Fundamental measures by comparison with the sector average [in brackets] indicate:


Price/Sales of 0.8 [0.9]


Afternoon Alert: Cenovus Energy decreases 2.0% - underperforming 96% of stocks

21 July 2017 14:51 EDT

Cenovus Energy Inc. (TSX:CVE) has decreased 19.0c (or 2.0%) today to trade at CAD9.39 and has underperformed 96% of the market in the past three months.

Cenovus Energy Inc. (T:CVE; TSE:CVE; N:CVE; CN:CVE)

ISIN: CA15135U1093

PermID: 5000476898

CIK: Cenovus Energy Inc.