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$100 Invested In This Stock 5 Years Ago Would Be Worth $300 Today

Cenovus Energy (NYSE:CVE) has outperformed the market over the past 5 years by 12.2% on an annualized basis producing an average annual return of 22.06%. Currently, Cenovus Energy has a market capitalization of $46.36 billion.

Benzinga · 06/10/2022 14:48

Cenovus Energy (NYSE:CVE) has outperformed the market over the past 5 years by 12.2% on an annualized basis producing an average annual return of 22.06%. Currently, Cenovus Energy has a market capitalization of $46.36 billion.

Buying $100 In CVE: If an investor had bought $100 of CVE stock 5 years ago, it would be worth $275.35 today based on a price of $23.39 for CVE at the time of writing.

Cenovus Energy's Performance Over Last 5 Years

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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.