TSE:CVE

Cenovus Energy (CVE.TO)

43.99
-0.13 (0.29%)
as of Sep 29, 2026, 8:00:00 pm Market Open.
884 watching
0
TOP PICK

Cyclical stocks are for Canada. With rates as low as they are we will see these stocks come back into favour. Has fallen with the price of oil and at some point they have to go North of $100. Growth coming out of oil sands positions them to raise dividends for many years to come.

TOP PICK

Well-run. Operating cash flow last quarter was way ahead of expectations. Have proven over the years to be very disciplined in spending. Will be spending a lot more on Telephone Lake. In a good position to be supplying oil to the pipeline that will inevitably be built.

TOP PICK

2.7% dividend. With differential between heavy oil and WTI being volatile, this one has the refining business, which offsets it. Is trading below pier averages. Would be comfortable adding today, or staggering over next little while.

BUY

This is his favourite in the integrated space. Built for growth as far out as 2017. Likes its diversified nature. Its refining assets help to offset some of the volatility. Have been delivering on their promises. Bringing cash costs and volumes in lower-than-expected. Possible dividend increases. Expecting a 15% upside in 12 months.

TOP PICK

Lowest cost oil producer with a low payout ratio. Has a little bit of gas, but it is low-cost, wet gas. Good growth profile of 7%-8% production growth for probably 7-8 years.

PAST TOP PICK

(Top Pick June 29/12, Down 3.19%) Market fails to realize they have refineries in Chicago and Texas that can capture the price differential. Would still recommend this one.

TOP PICK
Has been beaten up to some extent. Low-cost producer in the oil sands. They are well hedged on their natural gas side. They also have a refining and marketing joint venture in the US.
DON'T BUY
Not an oil sands producer so don’t have same high cost structure as SU-T.
TOP PICK
(On Top Picks, do Partial Buys aiming for a full position by year end.) Have some of the lower cost operations in the oil sands. Producing 220,000 barrels a day and 70% is oil. Also has 2 refineries and gets better pricing. 2.8% dividend.
COMMENT
Cenovus (CVE-T) or Suncor (SU-T)? Both very well run companies. Cenovus has a higher growth profile where he would be buying Suncor more for the leverage to the dividend. This is a pretty defensive name. They have the highest quality oil leases of any company. Any time around $31, it has been a very good buy. There is pretty good upside from here.
BUY
Likes this company. This is a great opportunity to buy some oil companies. This one is well run and well-managed and will continue to do well. Doesn't expect oil prices to fall much further from here. Yield of 2.7%.
PARTIAL BUY
Still have a lot of natural gas in their production mix but this would decline over time. A good name if you want energy exposure. Stock prices have come back while the energy prices have come off. Probably a nice time to start picking away at this. Yield is only 2.7% and there are other companies with higher yields.
TOP PICK
Its growth is double the industry average in terms of development. Has a lot of legacy land to do joint ventures with or develop. It is taking $2 gas and converting it into $100 oil. Has also combined its operations so it has the upgrading refining component.
BUY
Looks at this as a 5, 10, 15 year holding. Incredible running room on their assets. Low-cost producer. Give it time and be patient.
TOP PICK
Growth trajectory was very dramatic givingabouta14% annual growth rate. High quality operators with lowest cost operations. Also has downstream refining operations. Yield of 2.6%.
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