Analyst RecommendationAs can be seen, he was also asked about it earlier prior to dealing with it as a past pick. First stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/shows/market-call/2024/07/23/andrew-pinks-past-picks-cenovus-energy-chartwell-retirement-residences-and-granite-reit/
BUY
Cenovus Energy(CVE-T)
23/07/2024
Cenovus trades at a discount compared to some of its refining assets, even after they invested in those assets last year. He sold Suncor to buy this last spring.
Oil / Gas
Andrew Pink
$26.820
Owned
PAST TOP PICK
Cenovus Energy(CVE-T)
23/07/2024
(A Top Pick Apr 16/24, Down 3%)
Likes their valuation compared to the other integrated oils. They fixed refining problems from 2023 and their debt has been falling. The will shift from paying shareholders 50% of their free cash flow to 100%, maybe in Q2.
Oil / Gas
Andrew Pink
$26.820
Owned