If You Invested $100 In This Stock 5 Years Ago, You Would Have $200 Today
Portfolio Pulse from Benzinga Insights
Cenovus Energy (NYSE:CVE) has delivered an average annual return of 14.92% over the past 5 years, outperforming the market by 2.37% annually. With a current market capitalization of $32.74 billion, an investment of $100 in CVE 5 years ago would be worth $200.46 today. This showcases the impact of compounded returns on investment growth over time.
February 16, 2024 | 5:31 pm
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Cenovus Energy (NYSE:CVE) has shown significant growth over the past 5 years, with an investment doubling in value, indicating strong performance and potential for future growth.
The article highlights Cenovus Energy's strong performance over the past 5 years, with an average annual return of 14.92%, outperforming the market. This consistent growth and the doubling of investment value indicate a positive outlook for CVE, likely attracting more investors and potentially driving up its stock price in the short term.
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