If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,300 Today

Cenovus Energy CVE has outperformed the market over the past 5 years by 9.19% on an annualized basis producing an average annual return of 18.37%. Currently, Cenovus Energy has a market capitalization of $38.03 billion.

Buying $1000 In CVE: If an investor had bought $1000 of CVE stock 5 years ago, it would be worth $2,272.33 today based on a price of $20.05 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.