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Here's How Much You Would Have Made Owning Cenovus Energy Stock In The Last 5 Years

Published 10/01/2024, 14:00
Updated 10/01/2024, 15:10
© Reuters. Here's How Much You Would Have Made Owning Cenovus Energy Stock In The Last 5 Years
CVE
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Benzinga - by Benzinga Insights, Benzinga Staff Writer.

Cenovus Energy (NYSE:CVE) has outperformed the market over the past 5 years by 2.18% on an annualized basis producing an average annual return of 14.9%. Currently, Cenovus Energy has a market capitalization of $30.65 billion.

Buying $100 In CVE: If an investor had bought $100 of CVE stock 5 years ago, it would be worth $203.25 today based on a price of $16.28 for CVE at the time of writing.

Cenovus Energy's Performance Over Last 5 Years

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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