Cenovus Energy (CVE.TO) Buy, Sell or Hold

Cenovus Energy (CVE.TO)

43.99

-0.13 (0.29%)

as of Sep 29, 2026, 8:00:00 pm Market Open.

884 watching

COMMENT

If you believe the oil price will hold, then CVE should do well. She owns no oil stocks. Oil prices are flattening, because of fears of a recession eroding oil demand. A caveat.

PAST TOP PICK

(A Top Pick May 28/21, Up 207%) 23% free cash flow yield and 3.6x trading multiple. Has committed to return 100% of free cash flow yield back to shareholders, once debt paid back. Expecting 6x multiple on the company which would be a $52 share price. Management team is committed to delivering capital back to shareholders (set bar in terms of capital returns to shareholders).

PARTIAL SELL

Benefitting from high commodity prices. Not a lifetime hold. From here, you probably want to lighten up because things are going so well. A lot of good news is factored into the stock.

BUY

Company executing well, and believes stock is cheap relative to US peers. Good balance sheet and financial metrics. If oil prices stay high, will be a good long term hold. If Russian supply of oil continues to decline, will be great investment. Investors should be aware of oil price volatility.

BUY ON WEAKNESS

If you feel the market's had a good run, and that central banks will slow down the economy to get a handle on inflation, then we'll see a global slowdown. Supply chain issues persist. Balance sheet is superb. Hold, or buy on weakness. Because of Ukraine, Canada's become an attractive place for foreign investors.

SELL ON STRENGTH

The oil stocks have been amazing, but are getting pricey. Hold this to $26, which is maximum valuation. He questions the earnings story of all the oil stocks which are in the end of the 8th inning--not much time left till they become fully valued.

SELL

He models $52, more than twice the current price. Oil stocks are getting very pricey. You can hold this to $26, full max valuation. He questions the earnings story on all oil stocks which are in the 8th inning. There's not much time left for oil stocks and approaching full valuation.

BUY

Currently owns shares in company. Cash flow multiple trading at 4x. ConocoPhillips slowly exiting position - has had downward pressure on stock price. Expecting share prices to grow. With strong energy prices, will be strong financial performance. Keep shares as expecting growth.

HOLD

Stock vs. warrants? Stock versus warrants is really a question of do you want additional leverage on the warrants? Strike price is $6.54, so it's well in the money. Likes it with strong price momentum. Held back by COP selling shares, so could be a catch-up trade. Scores well on ESG, reasonable valuation.

BUY

ConocoPhillips selling holdings has had downward pressure on stock. Only large cap that Ninepoint owns. Currently trading at ~3x cash flow & 31% free cash flow yield ($100 oil). Plans to reduce debt and increase dividend. At $100 oil, opportunity for 111% upside.

BUY

Doing well compared to the group. Long way to go. There will be volatility, but energy is underowned. Great assets. Prefers CNQ, but both are great. Trades at 8x next year's earnings, balance sheet good, paying down debt.

BUY

Believes company is a well positioned and likes the stock. Strong management team. Operational execution has been strong. Company cleaning up balance sheet (reducing debt). Believes company will increase the dividend. Company offers above average returns with below average risk.

HOLD

Paying down debt, because otherwise it makes it hard to get financing. Sold off part of assets, a smart move. Likes what they're doing. If oil stays around $75, they will benefit over time. They're being cautious. They've agreed to buy back shares, but this can change.

COMMENT

Selling gas station and oil sands assets to pay debt He's been fairly big in the energy sector, but not CVE. It's good they're paying down debt as rates are low. There will be continued demand for fossil fuels. There's a supply shortage and alternative sources haven't filled energy demand yet. He's bullish energy.

WEAK BUY

They made a buy purchase of Husky. It's probably a good long-term hold if you want exposure in the energy patch. She owns no oil producers, but pipelines instead. CVE is decent.

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Cenovus Energy (CVE.TO)