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

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Cenovus Energy (CVE.TO)

38.56

-1.52 (3.79%)

as of Jun 9, 2026, 8:00:00 pm Market Open.

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Investor Insights

Jun 9, 2026, 12:00 am

This summary was created by AI, based on 27 opinions in the last 12 months.

Cenovus Energy (CVE-T) is being positively regarded by various analysts for its strong positioning within the oil sector, especially due to its refinery margins and high-quality oilsands assets. The recent acquisition of MEG Energy is seen as a strategic move that could yield long-term benefits despite the current debt load. Many experts appreciate the company's management and operational improvements, along with an anticipated increase in cash flow due to higher energy prices. While some analysts note the acquisition's impact on debt management, the general sentiment is that Cenovus remains undervalued given current market conditions. With a robust dividend yield and a focus on shareholder returns, there is a balanced view on potential for future capital appreciation, despite some caution regarding market stability.

Consensus

Buy

Valuation

Undervalued

Similar

CNQ

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)

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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%

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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.

PAST TOP PICK

(Past Top Pick Sept. 22, 2017, Down 6%) He bought is because he saw a real restructuring story. It was beaten up and he felt new managers would solve those problems. They are slowly doing that like getting rid of some assets and it will work out in the end.

PAST TOP PICK

(A Top Pick October 3/17 Up 1%) He did sell this back in late-May when it became apparent a refinery shutdown was going to cause differentials to blow out in the fall. Still a good company, but having cut the dividend to less than 2%, there are better options now.

DON'T BUY

It has been a tough energy call. He thought it was cheap enough after their acquisition and the stock got hammered, but the rally petered out. He got out. Cash flow is not really there. It is lining up as a short if he sees more weakness.

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Cenovus Energy (CVE.TO)