Bullboard - Stock Discussion Forum Cenovus Energy Inc T.CVE

Alternate Symbol(s): CVE | T.CVE.P.A | CNVEF | T.CVE.P.B | T.CVE.P.C | T.CVE.P.E | T.CVE.P.G | T.CVE.W | CVE.WS

Energy Oil & Gas Integrated

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore.... see more

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TSX:CVE - Post Discussion

Cenovus Energy Inc > Nuttall Details

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Post by retiredcf on Oct 27, 2023 3:58pm

Nuttall Details

Second stock in the clip; he and his family also own it personally. GLTA

https://www.bnnbloomberg.ca/video/eric-nuttall-s-top-picks~2795346

Cenovus Energy (CVE TSX)

Cenovus should reach its final debt target of $4 billion in January allowing it to begin returning 100 per cent of free cash flow back to shareholders. Trading at a 14 per cent free cash flow yield at $80WTI we believe the name could re-rate to a 10 per cent free cash flow yield or 6X multiple = $38 fair value or 40 per cent potential upside.

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