TSE:CVE

Cenovus Energy (CVE.TO)

45.79
+0.96 (2.14%)
as of Sep 8, 2026, 8:00:01 pm Market Open.
882 watching
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Investor Insights
star iconSep 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.

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Consensus
Buy
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Valuation
Undervalued
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Similar
CNQ
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.
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.
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