TSX:CVE - Post Discussion
Post by
retiredcf on Aug 24, 2023 8:12am
Nuttall Details
First stock in the clip; he and his family also own it personally. GLTA
https://www.bnnbloomberg.ca/video/eric-nuttall-s-top-picks~2751601
Cenovus Energy (CVE - TSX) Currently paying out 50 per cent of its free cash flow in the form of dividends and share buybacks, we have CVE reaching its final debt target in the first quarter of 2024 (at US$80WTI) at which point it has pledged to return all of it to shareholders. Trading at a 16 per cent/19 per cent free cash flow yield at US$80WTI/US$90WTI, we believe CVE will ultimately re-rate to below a 10 per cent free cash flow yield, offering a 50 per cent+ potential upside. TOP PICK
Cenovus Energy(CVE-T)
23/08/2023
Remains very bullish on oil, so he's looking for leverage to that call. Material discount to peers. Quickly getting to the threshold of paying investors 100% of free cashflow. 17% free cashflow yield at current oil price, 22% at $100 oil. Bullet-proof balance sheet. Yield is 2.19%.
(Analysts’ price target is $29.54)
Oil / Gas
Eric Nuttall
$25.660
Owned
Be the first to comment on this post