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

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Cenovus Energy (CVE.TO)

45.79

+0.96 (2.14%)

as of Sep 8, 2026, 8:00:01 pm Market Open.

882 watching

Investor Insights

Sep 8, 2026, 12:00 am

This summary was created by AI, based on 29 opinions in the last 12 months.

Cenovus Energy (CVE) is viewed favorably by a number of analysts, who emphasize its strong operational performance, particularly following the MEG Energy acquisition. The company is recognized for its cost-effective operations and impressive refining margins, with significant upside potential suggested, ranging between 50-60%. It has been actively paying down debt and is expected to direct a large portion of its free cash flow back to shareholders, predominantly through buybacks. Despite some caution regarding its current valuation and debt levels, many see it as a solid investment choice, especially with rising oil prices and robust asset quality. Overall, while some analysts prefer other companies like CNQ, the general sentiment leans towards CVE being an attractive option for energy sector investors.

Consensus

Buy

Valuation

Undervalued

Similar

CNQ

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%.

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.

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Cenovus Energy (CVE.TO)