Cenovus Energy Inc T.CVE

New investor in at the recent peak

[Getyaback]

So I sold my ensign energy for a 15% profit last Friday and as soon as I sold it went up another a 20% which sucked. Lol . So anyway I was looking for something that had more support so Cenvous Energy was my pick. I unfortunately bought at the recent peak at 19.06 have lost 5% of my investment in a few days. How confident are you guys that this thing is going turn around quick and get into the 20's and how long till it happens if you think it will #NervousNewbie thanks for any responses

[Vozaday]

Very and I'm assuming by next financials on Feb 8th. This downturn is driven by disappointing earnings in Tech plus inflation. When oil profits start coming out, it should start climbing again. Especially since oil is still so high. 

[meritmat]

An analyst just gave a buy rating and price target of 31 bucks on my TD account  One or two ways you can play this stock.  Own it and forget about it.   Or try to sell on the peaks and buy on the dips..... Im holding till it hits 40 a share 

[JohnSP]

Very confident, my longest position, haven't sold any. But I'm in for long haul, and expect to receive great profits via regular/special dividends in future.