Cenovus Energy | StockChase
301
Cenovus Energy (CVE-T)

Last Price Recorded: $14.2100 on 2018-05-19

ON STOCKCHASE SINCE Nov 2009

oil/gas
301
Cenovus Energy (CVE-T)

Last Price Recorded: $14.2100 on 2018-05-19

ON STOCKCHASE SINCE Nov 2009

oil/gas

Cenovus Energy


Signal Opinion Expert
BUY
Cenovus Energy(CVE-T) 

May 11, 2018

Had there been 4 top picks this would have been the fourth. He really likes it. They bought Conoco assets last year. The street didn’t like the deal and lost confidence in Management. They have new Management now with a new CEO that is on the path of right-sizing the company and its balance sheet. It is looking really well now, particularly if we go to a 80 – 90 dollars barrel of oil. 

oil/gas

Had there been 4 top picks this would have been the fourth. He really likes it. They bought Conoco assets last year. The street didn’t like the deal and lost confidence in Management. They have new Management now with a new CEO that is on the path of right-sizing the company and its balance sheet. It is looking really well now, particularly if we go to a 80 – 90 dollars barrel of oil. 

oil/gas
Bryden Teich

Portfolio Manager, Avenue Investment Ma...

PricePrice
$13.990
Owned Owned
No

PAST TOP PICK
Cenovus Energy(CVE-T) 

May 7, 2018

(Past Top Pick on Oct. 3, 2017, Up 10%) Oil prices are up and he's positive energy. With a new CEO, he likes their new direction. He's been with this since its bottom (he averaged down). Has great long-term assets. But they've enjoyed a great run for the past six months so he may exit.

oil/gas

(Past Top Pick on Oct. 3, 2017, Up 10%) Oil prices are up and he's positive energy. With a new CEO, he likes their new direction. He's been with this since its bottom (he averaged down). Has great long-term assets. But they've enjoyed a great run for the past six months so he may exit.

oil/gas
Ryan Bushell

President, Newhaven Asset Manag...

PricePrice
$13.490
Owned Owned
Yes

BUY
Cenovus Energy(CVE-T) 

May 3, 2018

The story is turning around here. He is modeling 55% cash flow growth 2018 to 2019. Trades at 5 times 2019 cash flow which is reasonable. The problem here is their balance sheet is 3.5 times debt to cash flow. This will come down if oil prices stay at these levels. A name you can own if you like oil.

oil/gas

The story is turning around here. He is modeling 55% cash flow growth 2018 to 2019. Trades at 5 times 2019 cash flow which is reasonable. The problem here is their balance sheet is 3.5 times debt to cash flow. This will come down if oil prices stay at these levels. A name you can own if you like oil.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$12.990
Owned Owned
No

COMMENT
Cenovus Energy(CVE-T) 

May 1, 2018

Their Q1 production was 488,000 boe/day because of all their acquisitions but they reported losses from their hedge book. Their operating margin was $157 million cash versus $305 a year before, but they spent $522 million. The company has $9.8 billion of debt, up from 9.5 billion at the end of December. They have about a half billion dollars of assets for sale. They have $19.4 billion of equity. Book value (ex goodwill) is about $13.92, which is higher than the stock price. The dividend is about 5 cents per quarter. They have a new CEO. It is not clear where their growth will be. Schachter thinks they should focus on their thermal operations and get rid of their conventional-world assets. He is concerned about the balance sheet. The debt to equity ratio looks tolerable. He compared it to Whiting Petroleum, Chesapeake Energy and WPX Energy, all well-known American energy companies that are treated as very exciting but have much worse balance sheets. He sees the Canadian energy companies as value stories compared to the American ones. The bargains are in Canada.

oil/gas

Their Q1 production was 488,000 boe/day because of all their acquisitions but they reported losses from their hedge book. Their operating margin was $157 million cash versus $305 a year before, but they spent $522 million. The company has $9.8 billion of debt, up from 9.5 billion at the end of December. They have about a half billion dollars of assets for sale. They have $19.4 billion of equity. Book value (ex goodwill) is about $13.92, which is higher than the stock price. The dividend is about 5 cents per quarter. They have a new CEO. It is not clear where their growth will be. Schachter thinks they should focus on their thermal operations and get rid of their conventional-world assets. He is concerned about the balance sheet. The debt to equity ratio looks tolerable. He compared it to Whiting Petroleum, Chesapeake Energy and WPX Energy, all well-known American energy companies that are treated as very exciting but have much worse balance sheets. He sees the Canadian energy companies as value stories compared to the American ones. The bargains are in Canada.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$12.930
Owned Owned
Unknown

TOP PICK
Cenovus Energy(CVE-T) 

April 13, 2018

He expects the heavy oil differential to have recovered in a year’s time.  Yield %.  (Analysts’ price target is $ )

oil/gas

He expects the heavy oil differential to have recovered in a year’s time.  Yield %.  (Analysts’ price target is $ )

oil/gas
Bill Harris, CFA

Portfolio Manager, Avenue Investment Ma...

PricePrice
$12.720
Owned Owned
Yes

SELL ON STRENGTH
Cenovus Energy(CVE-T) 

March 19, 2018

He does not see any improvement in the technical chart – it is still in a down trend.  There is some evidence of a bottom formation, but it is early.  He would take profit above $11.  He is weary of this one.

oil/gas

He does not see any improvement in the technical chart – it is still in a down trend.  There is some evidence of a bottom formation, but it is early.  He would take profit above $11.  He is weary of this one.

oil/gas
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$10.870
Owned Owned
Unknown

WEAK BUY
Cenovus Energy(CVE-T) 

March 12, 2018

They put some hedges on and then the differentials blew out.  A lot of US investors are taking positions right now.  Crude by rail contracts are being signed.  Keystone could get up and going any minute now.  They bought the best oil sands properties.  Eventually you will see this company recover. 

oil/gas

They put some hedges on and then the differentials blew out.  A lot of US investors are taking positions right now.  Crude by rail contracts are being signed.  Keystone could get up and going any minute now.  They bought the best oil sands properties.  Eventually you will see this company recover. 

oil/gas
Ryan Bushell

President, Newhaven Asset Manag...

PricePrice
$10.480
Owned Owned
Yes

WEAK BUY
Cenovus Energy(CVE-T) 

February 22, 2018

CPG-T vs. CVE-T.  Seasonality starts Feb 25th.  Today they announced a draw from inventory rather than a build.  This might be enough to get this one going.  He would prefer CVE-T a little bit more.

oil/gas

CPG-T vs. CVE-T.  Seasonality starts Feb 25th.  Today they announced a draw from inventory rather than a build.  This might be enough to get this one going.  He would prefer CVE-T a little bit more.

oil/gas
Brooke Thackray

President, Jov Investment Manag...

PricePrice
$9.310
Owned Owned
Unknown

WEAK BUY
Cenovus Energy(CVE-T) 

February 15, 2018

Since the acquisition almost 3 years ago they have made divestitures and paid the debt down.  You could do worse. 

oil/gas

Since the acquisition almost 3 years ago they have made divestitures and paid the debt down.  You could do worse. 

oil/gas
John Zechner

Chairman, J. Zechner & Assoc...

PricePrice
$9.360
Owned Owned
Unknown

DON'T BUY
Cenovus Energy(CVE-T) 

February 13, 2018

She is not buying energy now because of her overall negative view of the Canadian energy market at this time. If she was going to buy at this time, she would buy a large producer (which Cenovus is) but she would prefer CNQ because it is more diversified a

oil/gas

She is not buying energy now because of her overall negative view of the Canadian energy market at this time. If she was going to buy at this time, she would buy a large producer (which Cenovus is) but she would prefer CNQ because it is more diversified a

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$9.490
Owned Owned
No

DON'T BUY
Cenovus Energy(CVE-T) 

February 12, 2018

Leery at $9 level. If it closes below $9 it's got plenty of room to fall.

oil/gas

Leery at $9 level. If it closes below $9 it's got plenty of room to fall.

oil/gas
Elliott Fishman

Director of U.S. and international equity trading, Trading Services Gro...

PricePrice
$9.720
Owned Owned
Unknown

DON'T BUY
Cenovus Energy(CVE-T) 

February 6, 2018

He is negative on the commodity space generally and has not participated in the rise in oil and gas prices. He doesn’t see the rise as based on fundamentals and sees high geopolitical risk. Strongly prefers US Oil and Gas companies over Canadian ones at this time.

oil/gas

He is negative on the commodity space generally and has not participated in the rise in oil and gas prices. He doesn’t see the rise as based on fundamentals and sees high geopolitical risk. Strongly prefers US Oil and Gas companies over Canadian ones at this time.

oil/gas
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$10.680
Owned Owned
Unknown

COMMENT
Cenovus Energy(CVE-T) 

January 19, 2018

Has looked through all the energy companies on both sides of the border to see if he could find some value. He didn't find much, which is peculiar, because he had expected he would find more stuff in the US. However, they are just as reluctant to raise earnings forecasts (his FMV) as are Canadian analysts. This one is cheap, and selling at a 36% discount to its BV. It’s 1.53% dividend is covered. It needs some earnings in order to turn and give it some earnings momentum, then he thinks the stock would go pretty quickly to $17. However, it does need that momentum.

oil/gas

Has looked through all the energy companies on both sides of the border to see if he could find some value. He didn't find much, which is peculiar, because he had expected he would find more stuff in the US. However, they are just as reluctant to raise earnings forecasts (his FMV) as are Canadian analysts. This one is cheap, and selling at a 36% discount to its BV. It’s 1.53% dividend is covered. It needs some earnings in order to turn and give it some earnings momentum, then he thinks the stock would go pretty quickly to $17. However, it does need that momentum.

oil/gas
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$12.790
Owned Owned
Unknown

TOP PICK
Cenovus Energy(CVE-T) 

January 18, 2018

They got into trouble last year.  They paid a lot of money for an acquisition.  They have since sold a lot of assets and de-levered.  7% cash flow yield vs. 4% for the group.  They will have torque to an energy cycle that he feels in its early stages.  (Analysts’ target: $15.00).

oil/gas

They got into trouble last year.  They paid a lot of money for an acquisition.  They have since sold a lot of assets and de-levered.  7% cash flow yield vs. 4% for the group.  They will have torque to an energy cycle that he feels in its early stages.  (Analysts’ target: $15.00).

oil/gas
Jason Mann

CIO & Co-Founder, Edgehill Patners...

PricePrice
$13.040
Owned Owned
Yes

COMMENT
Cenovus Energy(CVE-T) 

January 9, 2018

She is very low on energy weighted stocks. It’s not conducive for strength in cash flow and pricing in the US producers. The large cap ones, including this one, have done relatively better than smaller oil producers.

oil/gas

She is very low on energy weighted stocks. It’s not conducive for strength in cash flow and pricing in the US producers. The large cap ones, including this one, have done relatively better than smaller oil producers.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$12.930
Owned Owned
No

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