Cenovus Energy (NYSE:CVE) has outperformed the market over the past 5 years by 5.01% on an annualized basis producing an average annual return of 18.1%. Currently, Cenovus Energy has a market capitalization of $35.23 billion.
Buying $1000 In CVE: If an investor had bought $1000 of CVE stock 5 years ago, it would be worth $2,323.13 today based on a price of $18.98 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.