Here's How Much $1000 Invested In Cenovus Energy 5 Years Ago Would Be Worth Today

Cenovus Energy (NYSE:CVE) has outperformed the market over the past 5 years by 11.1% on an annualized basis producing an average annual return of 24.12%. Currently, Cenovus Energy has a market capitalization of $34.13 billion.

Buying $1000 In CVE: If an investor had bought $1000 of CVE stock 5 years ago, it would be worth $2,985.10 today based on a price of $18.09 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.