TSX:CVEOil and Gas
Cenovus Energy (TSX:CVE) Margin Decline Undercuts Bullish Growth Narrative
Cenovus Energy (TSX:CVE) posted revenue growth forecasts of 6.5% per year, outpacing the Canadian market’s 5% annual revenue growth, and expects earnings to rise 11.9% in line with the broader market. Despite healthy long-term trends, its net profit margin dropped to 5.1% from 8.6% last year, and the most recent year saw negative profit growth. Investors now face a mixed outlook, weighing continued growth prospects and a positive valuation angle against visible pressures on profitability and...