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Investor Insights

This summary was created by AI, based on 38 opinions in the last 12 months.

The reviews from different experts suggest that Cenovus Energy (CVE-T) is a strong company with good assets and a solid management team. Despite some concerns about debt reduction and downstream issues, the company is expected to have good growth and returns for shareholders. It has strong leverage to oil prices, and there is confidence in the long-term potential of the company.

Consensus
Bullish
Valuation
Undervalued
BUY
Cenovus Energy

With energy companies, you really have to be comfortable with commodity price and OPEC manipulation. Oil prices seem to have settled, nat gas prices soft. Compared to peers, it's cheaper, better production growth and cashflow growth. Pretty good deal here. Slower debt reduction is not of much concern with current oil price.

oil / gas
TOP PICK
Cenovus Energy

Treated poorly in the market, but company has excellent management team. High quality assets. Ability to buy assets in the market. Quality of upstream and downstream assets good. 

oil / gas
BUY
Cenovus Energy

Excellent company that is top holding in portfolio. Excellent management team with executing. Believes stock buybacks will commence within next month or two. Between 75%-100% free cash flow will be dedicated to return of capital. Excellent assets in oil sands and refineries. Will continue to hold and buy more. 

oil / gas
BUY
Cenovus Energy
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

We do not think Trans Mountain will influence values much. Prices, with global influences, will continue to have a bigger impact. The stock is cheap at 8X earnings and offers a decent, growing dividend. It is one of the few in the sector expected to see per-share growth in '24, in the 20% or so range. Debt is down to 1X cash flow and the share count continues to decline. 3Q results were strong, with good growth and lower debt, though refining margins remain a possible negative variable. Overall, though, it looks fine to us. 
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oil / gas
COMMENT
Cenovus Energy

For Baytex there is some consolidation here due to some nervousness re the price of oil. Cenovus is similar to Baytex and has dropped to the consolidation level. It could go to the $20 level in the next 3 to 6 months. Don't buy energy now since it could retrace much of its big gains.

oil / gas
TOP PICK
Cenovus Energy

Debt drawdown taking longer than thought due to weaker oil. Other issues have been fixed. Waiting to hit $4B of debt, and he sees it happening in Q2. Shareholders should be getting 100% of free cashflow early next year. Sees 40-80% upside. 35 years of inventory. Solid, steady CEO. High-quality reservoirs. Yield is 2.34%.

(Analysts’ price target is $33.19)
oil / gas
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Cenovus Energy
(A Top Pick Jul 18/23, Up 5.6%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with CVE has triggered its stop at $24.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 15%, when combined with our previous recommendations.

oil / gas
COMMENT
Cenovus Energy

Likes it though prefers Baytex for its free cash flow. Cenovus has some downstream issues and balance sheet issues. Has done well this year, though.

oil / gas
WEAK BUY
Cenovus Energy

Likes the energy space. Good company, though he prefers other names. Higher oil prices will increase cashflows. Returning more money to shareholders. Oil companies will be profit and cash machines if oil stays in $80 range. 

oil / gas
BUY ON WEAKNESS
Cenovus Energy

One of the better Canadian oil/gas names. Likes their assets. Higher oil prices have raised the share price. Lots of free cash flow created that has reduced debt, so now a strong balance sheet. Shares are near all-time highs, so wait for a pullback.

oil / gas
TOP PICK
Cenovus Energy

Management team assuring production/refinery issues not a concern. Expecting company to hit $4 billion debt target in January 2024. At least 30 years of long dated inventory. Not expecting M&A anytime soon. Trading around ~4x free cash flow at $80 oil. Expecting ~$38 share price at $80 oil. Will continue to own shares at 11% of fund. 

oil / gas
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Cenovus Energy
(A Top Pick Jul 18/23, Up 27.6%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with CVE has achieved its target at $29.  To remain disciplined, we recommend covering half the position at this time and maintaining the stop at $24. 

oil / gas
HOLD
Cenovus Energy

Egress on heavy oil in Canada a concern. Recent EIA reports on Gasoline demand lower. Would hold at this time. Expecting lower oil prices. Does not own shares. 

oil / gas
TOP PICK
Cenovus Energy

Remains bullish on oil prices ($85-$100).
Meaningful leverage to $90 oil price.
January 2024 will see 100% return of capital to shareholders.
Currently trading at 17% to cash flow.
Expecting 50% upside at current oil price. 
Current share price undervalued. 

oil / gas
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Cenovus Energy
(A Top Pick Jul 18/23, Up 14.7%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with CVE is progressing well.  To remain disciplined, we now recommend trailing up the stop (from $20) to $24 at this time. 

oil / gas
Showing 1 to 15 of 450 entries

Cenovus Energy(CVE-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 16

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 5

Total Signals / Votes : 23

Stockchase rating for Cenovus Energy is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Cenovus Energy(CVE-T) Frequently Asked Questions

What is Cenovus Energy stock symbol?

Cenovus Energy is a Canadian stock, trading under the symbol CVE-T on the Toronto Stock Exchange (CVE-CT). It is usually referred to as TSX:CVE or CVE-T

Is Cenovus Energy a buy or a sell?

In the last year, 23 stock analysts published opinions about CVE-T. 16 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Cenovus Energy.

Is Cenovus Energy a good investment or a top pick?

Cenovus Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for Cenovus Energy.

Why is Cenovus Energy stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Cenovus Energy worth watching?

23 stock analysts on Stockchase covered Cenovus Energy In the last year. It is a trending stock that is worth watching.

What is Cenovus Energy stock price?

On 2024-02-20, Cenovus Energy (CVE-T) stock closed at a price of $23.24.