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Cenovus Energy Inc T.CVE

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

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. Its Downstream segment consists of Canadian Manufacturing, and United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.


TSX:CVE - Post by User

Cenovus Energy Inc
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Post by retiredcfon Mar 10, 2023 7:07am
598 Views
Post# 35329902

Panic-Proof Portfolio

Panic-Proof Portfolio
TOP PICK
Cenovus Energy(CVE-T)
07/03/2023
 
Stockchase Research Editor: Michael O’Reilly
We reiterate this Canadian major energy producer as a TOP PICK. The company announced it will buy out its partner’s share of the 160 mbd refinery in Ohio, with a capacity to consume 90 mbd of heavy production.  We like it has aggressively been retiring debt and buying back shares, while still growing cash reserves. It trades at under 2x book. Recently reported earnings support a ROE of 25%. We continue to recommend a stop at $23, looking to achieve $33 -- upside potential of 28%. Yield 2.4%
(Analysts’ price target is $32.97)
Oil / Gas
 
The Panic-Proof Portfolio (Stockchase Research)
$25.660
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