Bullboard - Stock Discussion Forum Cenovus Energy Inc T.CVE

Alternate Symbol(s): CVE | T.CVE.PR.A | T.CVE.PR.B | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G | CNVEF | CVE.WS | T.CVE.WT

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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Cenovus Energy Inc > Analyst Comment

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Post by retiredcf on Oct 03, 2024 6:58am

Analyst Comment

WEAK BUY
Cenovus Energy(CVE-T)
02/10/2024

Oil prices weak recently. Lots of Middle East conflict. US energy producers in general have performed much worse than Canadian, partly because of debate on whether shale can sustain production.

He owns SU, IMO and CNQ. Longer term, the sector is attractive and these companies will generate a ton of cash and strong dividend growth. You can put CVE in this category, but near-term technical questions. He'd love to see price of oil stabilize. It has in last couple of days, but that's geopolitically driven.

Give it some space. Not leading the market, but not technically broken in any way. Generally, gets a little firmer coming into winter. Comfortable owning.

Oil / Gas

David Burrows
$23.130
No

163