TSE:CVE

Cenovus Energy (CVE.TO)

39.79
+0.59 (1.51%)
as of Jul 20, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJul 20, 2026, 12:00 am

This summary was created by AI, based on 28 opinions in the last 12 months.

Cenovus Energy (CVE) has received mixed reviews from analysts, with a general optimism about its long-term potential despite some short-term challenges. The recent acquisition of MEG Energy has drawn attention, with several experts highlighting the potential for synergies and the dividend yield as attractive features. However, concerns regarding the company's increased debt load and its ability to manage cash flow amidst fluctuating oil prices have been raised. Many believe that Cenovus remains undervalued compared to its peers and that it could benefit from ongoing robust energy sector dynamics. The current stock price trend shows potential for growth, although cautious sentiment advises monitoring market conditions closely before making significant investment decisions.

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Consensus
Positive
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Valuation
Undervalued
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CNQ
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.
PAST TOP PICK
(Top Pick Dec 10/09, Up 27%) Went to his target and he said thank-you and went on to other things. A week or so ago he bought Encana, which is the Gas story. CVE was oil.
TOP PICK
Stock has been sideways for a while but likes what they are doing and it could break out from here. Likes SAGD approach, which is much neater. Feels they are the leading edge of the oil sands area.
SELL
Just covered a Short he had on it. On a parallel between it and Suncor (SU-T) and finds the valuation ridiculous. Almost 50% natural gas so you are paying an oil sand premium for natural gas. Fully valued.
SELL
If he were going to be involved in the oil sands area he would go with Canadian Natural Resources (CNQ-T) and if he owned this he would consider switching.
COMMENT
Cenovus (CVE-T) versus Canadian Natural Resources (CNQ-T)? Both are good companies and both oil oriented with conventional and crude. He prefers something with a significant yield so he owns Canadian Oil Sands (COS.UN-T) instead. (See Top Picks.)
BUY
Gas assets, which fully financed their growth in the oil sands. Have one of the best SAGD projects. Not expensive.
BUY
Analysts had raised estimates from mid to upper $30’s and stock moved up. When they reported earnings, there was a slight disappointment so the stock has dropped. Still likes and can see $33-$34 over the next year.
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