RE:RE:Top Pick TOP PICK
Cenovus Energy(CVE-T)
16/04/2024
Was under pressure last year because refineries needed investments, which CVE swiftly did, so capacity is up. That's when he bought. Shares and valuation have since risen. They have a lot of exposure to the WCS-WTI price differential that the as the pipeline expansion will come online--an opportunity. Also, they are lowering debt. Could be a dividend bump or share buybacks to come.
(Analysts’ price target is $31.79)
Oil / Gas
Andrew Pink
$28.520
Owned