TSE:CVE

Cenovus Energy (CVE.TO)

38.35
-1.73 (4.32%)
as of Jun 9, 2026, 6:16:52 pm Market Open.
875 watching
0
Investor Insights
star iconJun 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 viewed positively by analysts, with a majority expressing confidence in its operations and growth potential. The recent MEG Energy acquisition is recognized as a strategic move that could enhance synergies and volumes in the long term, despite an increased debt burden. Analysts appreciate the management's effectiveness and the company's strong cash flow, particularly benefiting from record refinery margins. The consensus reflects expectations of higher energy prices contributing positively to cash flow, though some caution is advised regarding debt reduction and the potential impact on shareholder returns. Analysts believe Cenovus is undervalued in the current market, with several indicating significant upside potential based on earnings ratios and future oil price predictions.

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Consensus
Buy
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Valuation
Undervalued
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Similar
CNQ
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%.
N/A
Short term doesn’t have an opinion, long-term fine. Doesn’t follow it.
HOLD
An oily stock. Split their gas off to Encanna. Alberta crude prices dropping and that is a black cloud on the horizon. It is a core oil stock but he has concerns at this moment.
COMMENT
This is a name that he is interested in. Has some support at around $38 that he would like to see it hold in at. There's also probably some support at around $36. You could probably get it a little bit cheaper than at the current price but doubtful at $36.
PAST TOP PICK
(A Top Pick Feb 25/11. Up 5.67%.) Great company with huge assets. Good management.
DON'T BUY
Doesn’t like it because it is expensive. Prefers CNQ, SU.
PAST TOP PICK
(A Top Pick Jan 14/11. Up 16.35%.)
TOP PICK
Best oil company in Canada, beautifully structured. Just put out a 10-year plan where they see cash flow increasing every year. They can actually make money in Nat Gas at $3. Has to do with freehold land they hold. Trades at a warranted premium to its piers. Best in Breed, which you should invest in in this kind of market.
PAST TOP PICK
(A Top Pick Jan 14/11. Up 0.68%.) Still likes this one. Assets that they own are very good. Have some downstream growing production. Possibility it could increase its dividend down the road. A story that gets better and better as time goes on.
TOP PICK
Conventional natural gas assets and growing oil assets. Great business. Price is not that bad. With keystone pipeline going ahead, this is the non-mining oil sands company.
COMMENT
Oil Sands but is more in SAGD, which is less pollutive. Well rated. If you have patience, this would be all right to buy.
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