Cenovus Energy Inc T.CVE

CVE outlook in 2024 second half?

[Ztransformer]

Looking for general thoughts on where CVE stock is potentially headed in 2nd half of this year assuming WTI holds over $75? Believe $4B net debt should come in Q3. Stock has hit low $30s couple times in past two years and retraced back to low to mid $20's ... 

It's definitely quite undervalued with record FCF, increasing dividends (+ oppurtunities of variable dividends), stock repurchase and 100% FCF allocation coming soon. Balance sheet is super healthy with Superior refinery operations ramping up as well. Management is also buying heavily at mid $20s lately.  Any headwinds over the next two quarters for CVE not to hit mid-to-high 30s? Sadly candian o&g just don't get love from investors.  
Thanks!!

Z172

[tinkvid]

As you eluded to in one of your previous posts a few months ago, I am watching for any developments with regards to Irving Oil. With the passing of James K Irving and the resignation of Whitcomb effective June 9, .....maybe some sort of deal in the works? (Just speculation)

[Quintessential1]

Watching to see how a narrower spread and decreased shipping costs with TMX in play affect the bottom line as it will be fully in play for next quarter. A couple of thoughts regarding TMX.  With upgraders being maxed is it worth adding more upgrading capacity or is maxing out TMX volumes a better cost option for heavy crude? To go along with that how much condy is required to ship via TMX