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

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Cenovus Energy (CVE.TO)

40.60

+0.81 (2.04%)

as of Jul 21, 2026, 8:00:00 pm Market Open.

877 watching

Investor Insights

Jul 21, 2026, 12:00 am

This summary was created by AI, based on 28 opinions in the last 12 months.

Cenovus Energy (CVE) has generated mixed reviews among experts, highlighting its significant potential for growth through the recent acquisition of MEG Energy. While many analysts appreciate its strong refining margins and believe the company is firing on all cylinders, they express caution regarding its high debt load post-acquisition and the need for effective integration of MEG. Some experts continue to view CVE favorably due to its solid management and long-life oil sands assets, predicting an increasing cash flow as energy prices stabilize or rise. However, there is a consensus that while the stock is currently undervalued compared to peers, it may face challenges with debt management and share buybacks in the short term. Overall, the outlook remains optimistic for long-term investors willing to navigate some volatility in the energy sector.

Consensus

Bullish

Valuation

Undervalued

Similar

CNQ

PAST TOP PICK

(A Top Pick Jun 18/19, Down 3%) To his surprise, the energy sector (globally) pays the highest yield. The pipelines have held on quite well. He's waiting for energy to come back--rising tides rises all boats.

TOP PICK

Following the Conoco acquisition, he vowed to not own this. He bought it in June as their asset sales have done well. There has been a good change in investor sentiment. They have 100,000 bpd contracted by rail and another 300,000 bpd by pipeline. They are generating great free cash flow as they are now in harvest mode after a few years of capital expenditures. Yield 1.63% (Analysts’ price target is $14.89)

DON'T BUY

It is one of the two most levered to oil if you really want to make a bet. Technically, it is set up quite well on a point a figure chart, but it is not the leader in the group. He would choose SU-T or CNQ-T.

TOP PICK

They expect to see another upward move in oil prices soon and he likes the added torque to oil prices this holds. The stock appears to be ending a retracement period and he thinks now is the time to re-enter. Yield 1.67% (Analysts’ price target is $15.53)

PAST TOP PICK

(A Top Pick Apr 13/18, Down 9%) Had been hoping the differential would recover. It's a political problem. Consolidated into CNQ instead, as it's generating a ton of cash and that's a safe way to be in the space.

BUY

Likes it a lot. Trading cheaper than other major energy companies. Huge leverage to higher oil prices. Paid down debt. Will be well ahead of targets to reduce debt. By summer, if we're lucky, should see dividend increases. Well run, reasonable valuations. Wouldn't hesitate to own it down here.

PAST TOP PICK

(A Top Pick Aug 17/18, Up 15%) Pretty solid quarter the other day. Benefited from curtailment in Alberta. WCS differential affected them. If the differential holds, the profitability explodes. Out of the name now, and into CNQ which has a healthier balance sheet. Could move into the high teens from here.

TOP PICK

He expects oil prices to remain strong and there has been a disconnect between stock prices and oil prices right now. The new CEO has been de-leveraging debt and they have interest in two refineries down stream. Yield 1.52% (Analysts’ price target is $14.73)

PAST TOP PICK

(A Top Pick Jan 18/18, Down 12%) It rallied on a bad report. He sold this pick in the summer and is now short on it. They have not delivered on the balance sheet enough and there is still not positive cash flow. It is a small short for him.

DON'T BUY

Oil and gas makers don't generate the ROE he looks for. They don't have pricing power over their product/commodity; others do. Cenovus is one of the top stocks in this sector, though.

COMMENT

Steady income? He thinks the recent budget for SU-T showing production growth with refining assets makes them pretty stable. He thinks there are lots of others that will recover much quicker -- like Cenovus (CVE-T). Yield 3.6%

PAST TOP PICK

(A Top Pick Jun 01/18, Down 31%) This is a high-quality coming that was improving itself. The heavy oil differentials will likely close towards normal levels soon. They are moving more oil by rail and at today’s price it is still a bargain.

BUY

He likes this company. You get very good exposure to WCS differentials. The new CEO is doing a good job of repositioning the company. There is the potential of further monetization of assets. Good entry point to get good exposure with a large cap Canadian stock.

HOLD

They are not getting the benefit they should be. They have done a complete change in their strategy. Their stock price has held fairly steady over the last year. They are experiencing better numbers than a lot of the small to mid cap names. She thinks it will be considerably higher stock price in 2 years time.

DON'T BUY

CPG-T vs. SVE-T. He does not think the energy sector is coming back in a big way any time soon. There are over sold indicators so it is okay as a trade but not for long term. We need pipeline capacity. He is fine with CPG-T.

Showing 196 to 210 of 523 entries

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Cenovus Energy (CVE.TO)