TSX:CVE - Post Discussion
Post by
retiredcf on Aug 02, 2024 6:48am
Analyst Recommendation
BUY
Cenovus Energy(CVE-T)
01/08/2024
Reported today. Will now return 100% of free cashflow to shareholders.
Q1 increased dividend nicely, special dividend. Met debt obligations, so now going to return a lot to shareholders, impressive. Cheaper (4.5x) than peers (5.1x). 10% shareholder returns vs. peers at 8%. Heavy oil is working, with lots of takeaway capacity; demand is good.
Oil's all over the place, and there are geopolitics. Likes it as a Canadian levered play on heavy oil. On a down day like today, buy a sleeper like this.
Oil / Gas
Greg Newman
$26.020
Unknown
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