Cenovus Energy Inc T.CVE.WT

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

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 Apr 03, 2024 7:15am

303 Views

Post# 35966983

Eric Nuttall

Last stock in the clip. As indicated, his trimming was indeed slight as CVE remains an 8% holding in his fund. GLTA

https://www.bnnbloomberg.ca/video/eric-nuttall-s-past-picks~2896224

PAST TOP PICK

Cenovus Energy(CVE-T)

02/04/2024

(A Top Pick Feb 24/23, Up 12%)

Disappointing. They've struggled with downstream operations, frustrating investors, and are working to fix this. He expects them to reach their debt target in August, then they will pivot to 100% free cash flow. $43 target price of 57% upside. Trimmed his holding slightly. Trades at a discount to CNQ.

Oil / Gas

Eric Nuttall

$27.700

Owned

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