Cenovus Energy Inc CVE.WS

Nuttall Details

[retiredcf]

First stock in the clip. Spoke to him again yesterday at the Toronto MoneyShow. He and his family also own CVE personally. GLTA

https://www.bnnbloomberg.ca/video/shows/market-call/2024/09/13/eric-nuttalls-past-picks-cenovus-energy-athabasca-oil-and-veren/

Cenovus Energy (CVE TSX)

• Then: $28.28
• Now: $22.10
• Return:-22%
• TotalReturn: -19%

PAST TOP PICK
Cenovus Energy(CVE-T)
13/09/2024

(A Top Pick Sep 29/23, Down 19%)
Will continue to own stock. Excellent company with quality upstream production. Downstream issues continue to be an issue. Overall, business moving in the correct direction. Other companies like Suncor have been attracting like minded capital from investors. Very good management that has experience to fix downstream issues. Company also will reach final debt target, and will return 100% of cash flow to investors.

Oil / Gas

Eric Nuttall
$22.030
Owned
 

[Quintessential1]

The quote may be as old as the previous top pick date so just to clarrify that the final debt target was reached and 100% return of cash flow to investors has commenced. Given the recent over 19 million in August buybacks representing over 1% of the outstanding share float it is pretty easy to see what form these returns are taking given the $25/share price tag on some repurchases.  I expect

[downwithdotcom1]

wow...watched this latest Nuttall appearance and noted that Eric had a more sobering view this time for BOTH oil and gas pricing. Dropping demand for oil is REAL and once again, MASSIVE nat  gas overproduction ie supply is hurting natural gas. He in fact pointed out that cdn nat gas producers will be facing NEGATIVE AECO pricing in the weeks ahead (i'm assuming because CDN storage will be