TSE:CVE

Cenovus Energy (CVE.TO)

43.11
+0.43 (1.01%)
as of Aug 14, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconAug 15, 2026, 12:00 am

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

Cenovus Energy (CVE-T) is generally viewed positively among analysts, with many highlighting its robust asset quality and operational efficiency. The company has made significant strides in enhancing its refining capabilities while successfully managing debt, particularly following the MEG Energy acquisition. Analysts emphasize CVE's potential for growth, with projections suggesting significant upside, particularly as it focuses on returning capital to shareholders through buybacks. The energy sector's current strength adds to the positive outlook, although some analysts caution about the potential volatility in oil prices. Overall, Cenovus's strategic management and solid balance sheet position it well for future success.

consensus icon
Consensus
Buy
valuation icon
Valuation
Undervalued
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CNQ
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.
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.
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