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 16.58% over the past 5 years, outperforming the market by 3.63% on an annualized basis. With a current market capitalization of $34.97 billion, an initial investment of $100 in CVE 5 years ago would be worth $205.06 today.
March 18, 2024 | 6:00 pm
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POSITIVE IMPACT
Cenovus Energy (NYSE:CVE) has shown a strong performance over the past 5 years with an average annual return of 16.58%, turning a $100 investment into $205.06 today.
The significant outperformance of Cenovus Energy (CVE) over the market by 3.63% annually and the doubling of an initial investment over 5 years indicate a strong positive trend for the company. This performance, coupled with a substantial market capitalization of $34.97 billion, suggests a robust financial health and growth potential, likely leading to continued investor interest and potentially further gains in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100