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
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.
COMMENT
Took profits at around $32. Good company as long as you are positive on crude prices. Well positioned company that is going to grow. Prefers things that have a bigger yield to them.
PAST TOP PICK
(A Top Pick Feb 2/10. Up 25.77%.) This might be one of those great Canadian companies that you just hold on to forever. Very good at what they do.
BUY
Sees long term growth here. Well run company. Really tied into the price of oil. Caveat. Cdn oil companies sell in US $’s so it could be bad if the Cdn$ goes up.
TOP PICK
(A Top Pick Jan 27/10. Up 33.44%.) Extremely well managed. Good properties including unexploited oil sands. Good level. Expecting cash levels will be going up over the next number of years at the $3.60-$3.70 level.
BUY
One of his top holdings. Likes it from a 2-5 year point of view. Very high quality assets. They aren’t spending money on gas assets; it is just a cash cow.
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