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Cenovus Energy Inc. (NYSE:CVE) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Cenovus Energy Inc. (NYSE:CVE) seasonal charts above shows that a Buy Date of December 16 and a Sell Date of April 30 has resulted in a geometric average return of 0.74% above the benchmark rate of the S&P 500 Total Return Index over the past 10 years. This seasonal timeframe has shown positive results compared to the benchmark in 8 of those periods. This is a very good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 10 years by an average of 18.29% 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 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 483 mboe/d in 2018, and the company estimates that it holds 7 billion boe of proven and probable reserves.

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