RE:Top PickFirst stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/andrew-pink-s-top-picks~2905112
Cenovus Energy (CVE TSX)
An opportunity to buy Cenovus Energy at a relative discount to the senior integrated peers emerged when the company experienced some processing difficulties within its refining assets. Management swiftly addressed the issues and reported the one-time associated costs. With the business operating more efficiently, and a tailwind from higher crude prices, particularly for Canadian producers as the Trans Mountain pipeline fuels higher domestic prices, we expect the company will meet an important debt reduction target midway through this year, earlier than expected. Management will fully shift its free cash flow priorities from debt repayment to the shareholder in the form of dividend increases, special dividends, or earnings-accretive share repurchases, which should contribute to share price momentum.