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 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.
TOP PICK
Foster Creek and Christina Lake are the 2 main SAGD operations and have some of the best ratios in the business. Have 137 billion barrels of oil in place on their lands, which will support potential production of 2 million barrels a day.
PARTIAL BUY
This is the mostly oily assets of Encana (ECA-T). Under performed for the first little while and dropped to good value at the $24-$25 range. On days when oil is weak, you can pick away at it and get more aggressive if oil goes back to $70.
TOP PICK
Pure oil play and primarily oil sands. Very good at keeping costs down. These guys are the low cost producers. Very advanced on the technology side. Have refineries. It lowers the volatility. Thinks they will increase their dividend faster than competition.
BUY
Long-term growth story of oil sands. He chose CNQ and SU as his oil stories. Not enough coverage of this one yet. Likes the oil sands. Lots of reserves in a politically stable area. Nice dividend.
BUY
Very high quality company.
DON'T BUY
He is almost at the point of taking out some of his oil stocks and start to look at some of the natural gas. At $85 oil they're going to do fine. More growth on the Encana (ECA-T) side.
BUY
This is a heavy oil side after the split up of Encana (ECA-T). Great management and great prospects. Low cost producer. Oil in the long-term is going to go higher but you need to own good companies.
WATCH
Still not a huge producer yet. Have been able to drill oil sands at one of the lowest costs. A “wait and see” to see if their technology really works.
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