Bullboard - Stock Discussion Forum Cenovus Energy Inc T.CVE

Alternate Symbol(s): CVE | 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

Energy Oil & Gas Integrated

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

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TSX:CVE - Post Discussion

Cenovus Energy Inc > TD

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Post by retiredcf on Oct 01, 2024 1:02pm

TD

After updates to their commodity price deck for the third quarter as well as 2024 and 2025, featuring an unchanged oil price forecast and “negative and more material” changes to their natural gas expectations, analysts at TD Cowen lowered their 2025 cash flow per share projections by an average of 3 per cent for their coverage universe, leading to a 4-per-cent drop to their target prices. Changes include: Canadian Natural Resources Ltd. ( “buy”) to $56 from $60, Cenovus Energy Inc. (“hold”) to $31 from $33 and Suncor Energy Inc. ( “buy”) to $60 from $59. The averages on the Street are $54.68, $32.95 and $60.12, respectively.

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