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Cenovus Energy (MEX:CVE N) Moat Score : 5/10 (As of Jul. 21, 2025)


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What is Cenovus Energy Moat Score?

Cenovus Energy has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

Cenovus Energy has Narrow Moat: Cenovus Energy has a solid narrow moat due to its cost-efficient oil sands operations and scale. However, it faces significant competition and lacks strong brand strength or customer loyalty.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Cenovus Energy might have Narrow Moat - Solid narrow moat.


Competitive Comparison of Cenovus Energy's Moat Score

For the Oil & Gas Integrated subindustry, Cenovus Energy's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cenovus Energy's Moat Score Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cenovus Energy's Moat Score distribution charts can be found below:

* The bar in red indicates where Cenovus Energy's Moat Score falls into.


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Cenovus Energy  (MEX:CVE N) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Cenovus Energy Moat Score Related Terms

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Cenovus Energy Business Description

Address
225 - 6 Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 1N2
Cenovus Energy Inc is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.

Cenovus Energy Headlines

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