Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

CVE Relative to the S&P 500

CVE Relative to the Sector

% of Revenue Generated in Each Quarter

% of Free Cash Flow Generated in Each Quarter

% of Net Income Generated in Each Quarter

Seasonal Chart Analysis

Analysis of the Cenovus Energy Inc. (NYSE:CVE) seasonal charts above shows that a Buy Date of March 10 and a Sell Date of June 29 has resulted in a geometric average return of 1.65% above the benchmark rate of the S&P 500 Total Return Index over the past 15 years. This seasonal timeframe has shown positive results compared to the benchmark in 10 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 15 years by an average of 14.74% per year.

The seasonal timeframe is Inline with the period of seasonal strength for the Energy sector, which runs from January 21 to May 9. The seasonal chart for the broad sector is available via the following link: Energy Sector Seasonal Chart.

Cenovus Energy Inc is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.

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Stocks mentioned in this post: CVE