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Cenovus Energy Inc T.CVE

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

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

Post by retiredcfon Jul 11, 2024 6:17am
306 Views
Post# 36127739

Analyst Recommendation

Analyst RecommendationFirst stock in the clip + two more comments. His family also owns CVE. GLTA

https://www.bnnbloomberg.ca/video/shows/market-call/2024/07/10/eric-nuttalls-past-picks-cenovus-veren-and-athabasca-oil/

PAST TOP PICK
Cenovus Energy(CVE-T)
10/07/2024
 
(A Top Pick Aug 23/23, Up 6%)
Range-bound. Downstream challenges with a number of refineries, now rectified. Almost a 10% position for him. Large cap, plus about to hit debt target. 30 years of inventory yielding 13%. Should be 62% upside from here.
Oil / Gas

Eric Nuttall
$26.760
Owned

BUY
Cenovus Energy(CVE-T)
10/07/2024
 
13% free cashflow yield, 35 years of inventory. Reaching final net debt target in the next month, and then they can pay investors 13% a year for 30 years. Very attractive.
Oil / Gas

Eric Nuttall
$26.760
Owned

BUY
Suncor Energy Inc(SU-T)
10/07/2024
 
Increasingly bullish. 45-50% upside. He'd prefer CVE.
Integrated Oils

Eric Nuttall
$51.620
Unknown

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