Will Rising LNG Demand Boost CVE's Conventional & Offshore Segments?

Cenovus Energy Inc. CVE operates a diversified portfolio that includes oil sands, conventional oil and gas assets, offshore operations and refining facilities across Canada and the United States. While Cenovus is widely recognized for its oil production, its Conventional and Offshore segments maintain significant exposure to natural gas and natural gas liquids (NGLs) demand. With natural gas and NGLs accounting for roughly 95% of conventional and 75% of offshore production in the first quarter of 2026, CVE is well-positioned to benefit from the growing global demand for liquefied natural gas (LNG).Cenovus' extensive resource base strengthens its ability to capitalize on this trend. Key assets such as the Elmworth gas plant, interests in the Kakwa and Wapiti areas, the Northern Corridor and the company’s vast Montney acreage provide access to some of Canada's most productive natural gas regions. Combined with the Rainbow Lake complex and offshore assets in the Asia-Pacific region, CVE’s operations provide a diversified and scalable production platform.According to the U.S. Energy Information Administration (“EIA”), U.S. LNG exports are expected to increase from 15.1 billion cubic feet per day (Bcf/d) in 2025 to 18.6 Bcf/d in 2027. Growing LNG exports are expected to support stronger natural gas demand, enhancing the value of Cenovus' gas-rich assets. Higher gas demand is likely to increase NGL realizations, unlocking revenue growth across offshore and conventional operations.EQT & VG to Gain From Growing LNG DemandGrowing LNG demand is set to benefit energy companies like EQT Corporation EQT,a producer ofnatural gasand Venture Global VG, a producer and exporter of LNG.A strong footprint in the Marcellus Shale positions EQT to benefit from rising natural gas demand, driven by increasing LNG exports and data center expansion. To capture this momentum, EQT plans to invest $580–$640 million in high-return infrastructure projects in 2026. Backed by a vast, low-risk drilling inventory spanning more than 30 years, EQT is strategically positioned to supply the world's evolving long-term energy needs.Louisiana-based Venture Global delivers low-cost LNG to global markets. The company is expanding its strategic infrastructure to achieve annual production capacity of 68 million tons. The low-cost operating model of VG strengthens its competitive advantage, anchoring its role as a premier supplier of global LNG.CVE’s Price Performance, Valuation & EstimatesCenovus shares have gained 80.8% over the past year compared with 53.4% growth of the industry. Image Source: Zacks Investment ResearchFrom a valuation standpoint, CVE trades at a trailing 12-month enterprise-value-to-EBITDA (EV/EBITDA) of 6.31X. This is below the broader industry average of 6.59X.Image Source: Zacks Investment ResearchThe Zacks Consensus Estimate for CVE's 2026 earnings has remained constant over the past seven days.Image Source: Zacks Investment ResearchCVE currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks