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

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Daily Stock Opinions and Ratings

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 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.

Consensus

Buy

Valuation

Undervalued

Similar

CNQ

TOP PICK

You have a great play on the oil sands with this one. You also have the refining kicker. Have been expanding their operations and looking for joint ventures to help finance the development of a number of properties.

TOP PICK

One of a handful of extremely high quality companies. Low-cost, transparent growth and doesn't trade super expensive. Trading at 7X cash flow. 2.5% dividend. This will be in business for 20-30 years.

DON'T BUY

Historically you want to be in this from January to September of each year. Chart shows it in the downward trend currently. You'll probably get a test of the low some time in September and this is followed by a period of underperformance.

TOP PICK

Low cost producer in the oil sands dealing with environmental issues. Long-term hold for him. Good price.

HOLD

Stock has acted really well lately. The split from Encana (ECA-T) the oil has done much better than the natural gas. Expects this will continue.

PAST TOP PICK

(Top Pick Jul 23/10) Still likes it but saw a better opportunity. Continues to grow. You’ll want to watch this and pick up on weakness.

TOP PICK

Oil sands but comes at it differently than Sunoco (SU-T). Uses SAGD (steam assisted gravity) giving them a significant technological advantage. Growth prospects are excellent. Recently updated their 10 year plan and are looking for 8% plus growth in the next 3-5 years.

DON'T BUY

Benefiting from the trend in the oil sands of the tremendous cost inflation on the mining side. They do more of the SAGD drilling were there is a lot less cost inflation. About half of their production is still natural gas but that will change over time. Fully priced.

COMMENT

This is one he would look at but is second in line to his preference of . Canadian Natural Rsrcs (CNQ-T). You want to see a total pick up in interest in the oil sands and natural gas.

PAST TOP PICK

(A Top Pick June 2/10. Up 22.69%.) Oil sands projects are SAGD types and they have some really good fields, which have held up very well with a great 3-4 year program to bring them on stream.

BUY

Oil stocks got beaten up. Thinks this was because of profit taking. Still likes. Huge long term assets. The oil sands are off and rolling. Hopefully they’ll keep their costs under control.

BUY ON WEAKNESS

Stocks done really, really well. If you own, stay with it. New buyers should wait for a bit of weakness.

WAIT

Likes it. Almost a 10% pullback. It depends on your short term outlook. If you are trying to pick a bottom, watch wat happens in Saudi Arabia in the next 2 to 3 weeks.

PAST TOP PICK

(A Top Pick March 17/10. Up 47.94%.) Well managed. Did some very smart joint ventures to help pay for some of the development in the oil sands. Still likes.

TOP PICK

If you really want to participate in the tar sands, this is the way to go. They are also big in the SAGD, which is a much greener approach and less disruptive on the local areas.

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Cenovus Energy (CVE.TO)