TSX:CVE - Post Discussion
Post by
retiredcf on Jul 11, 2024 6:17am
Analyst Recommendation
First 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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