Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Cenovus Energy Inc CVE


Primary Symbol: T.CVE Alternate Symbol(s):  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.... see more

TSX:CVE - Post Discussion

Cenovus Energy Inc > From Yahoo.ca
View:
Post by Megasupreme on Jul 10, 2024 6:07pm

From Yahoo.ca

Cenovus: A cyclical set for cash returns

Cenovus Energy (TSX:CVE) is not a typical stock pick for the long term. It is an energy stock. However, it appears to have some strong catalysts for the second half of the year and beyond.

Cenovus is one of Canada’s largest integrated energy companies. It has a mix of long-life oil assets that are complemented by a portfolio of refinery operations across North America.

The company is just hitting its stride with its refinery business after some tough years. Likewise, with oil sitting over US$80 per barrel, it is generating substantial free cash flow. Cenovus has been using that cash to reduce its long-term net debt target of $4 billion.

It is likely to hit this target in the back half of 2024. Once it does, it plans to return all its spare cash flow to shareholders.

Cenovus is known for its strong dividend growth, special dividends, and share buybacks. Shareholders could see some nice upside as they start to collect more income and value from this stock.

With a 2% dividend yield and a price-to-free cash flow ratio of 7.4 times, Cenovus looks like an attractive purchase today.

Be the first to comment on this post
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities