Cenovus Energy

CVE-T

TSE:CVE

11.93
0.03 (0.25%)
Cenovus Energy Inc. is an integrated oil company headquartered in Calgary, Alberta. Cenovus was formed on December 1, 2009 when Encana Corporation split into two distinct companies, with Cenovus becoming a focused integrated oil company.
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Analysis and Opinions about CVE-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
January 16, 2020

Energy continues to be challenged. Unless you have the very best assets, there continues to be risk. Blackrock, for example, is forsaking energy in their investing. CVE-T has been trying to base out here. The energy sector needs to do more work. If he had to pick one name he would probably buy CNQ-T. It has been outperforming the S&P lately.

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Cenovus Energy (CVE-T)
January 16, 2020

Energy continues to be challenged. Unless you have the very best assets, there continues to be risk. Blackrock, for example, is forsaking energy in their investing. CVE-T has been trying to base out here. The energy sector needs to do more work. If he had to pick one name he would probably buy CNQ-T. It has been outperforming the S&P lately.

COMMENT
COMMENT
January 16, 2020
Constructive on energy. As long as the technicals look constructive, he'll build upon his small position in energy. CVE has a sideways pattern, great for trading but not necessarily long-term holds. Resistance seems to be holding. Consider a large-cap ETF to diversify your risk.
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Cenovus Energy (CVE-T)
January 16, 2020
Constructive on energy. As long as the technicals look constructive, he'll build upon his small position in energy. CVE has a sideways pattern, great for trading but not necessarily long-term holds. Resistance seems to be holding. Consider a large-cap ETF to diversify your risk.
BUY
BUY
January 7, 2020
Pretty good overall. It's been rangebound for the last two years, which isn't bad given how its peers have suffered. We're entering oil seasonality. Watch the $14 level for a breakout.
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Cenovus Energy (CVE-T)
January 7, 2020
Pretty good overall. It's been rangebound for the last two years, which isn't bad given how its peers have suffered. We're entering oil seasonality. Watch the $14 level for a breakout.
BUY
BUY
December 19, 2019

You are seeing a rotation out of SU-T and CNQ-T and into CVE-T. This one offers you the best exposure to the improving backdrop. He thinks we are entering into a multi-year bull market for energy. There is still a dislocation in value between the price of stocks and where oil already is. This is a window of opportunity for companies like SU-T to go out and take advantage of it.

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Cenovus Energy (CVE-T)
December 19, 2019

You are seeing a rotation out of SU-T and CNQ-T and into CVE-T. This one offers you the best exposure to the improving backdrop. He thinks we are entering into a multi-year bull market for energy. There is still a dislocation in value between the price of stocks and where oil already is. This is a window of opportunity for companies like SU-T to go out and take advantage of it.

TOP PICK
TOP PICK
December 18, 2019
Money appears to be returning into the energy sector. They still have some debt, but the oil sands properties are good. They are 80% oil based and own two excellent refineries. Yield 1.95% (Analysts’ price target is $15.20)
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Cenovus Energy (CVE-T)
December 18, 2019
Money appears to be returning into the energy sector. They still have some debt, but the oil sands properties are good. They are 80% oil based and own two excellent refineries. Yield 1.95% (Analysts’ price target is $15.20)
WAIT
WAIT
November 28, 2019
Likes the energy sector. Once we get past tax-loss selling, you're going to see a pop in these stocks. Has really good assets. Overhang is that Conoco Phillips owns a big part, and when they sell, he'll take a look at it. Long-term, a good investment.
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Cenovus Energy (CVE-T)
November 28, 2019
Likes the energy sector. Once we get past tax-loss selling, you're going to see a pop in these stocks. Has really good assets. Overhang is that Conoco Phillips owns a big part, and when they sell, he'll take a look at it. Long-term, a good investment.
COMMENT
COMMENT
November 15, 2019
Cenovus or MEG? He likes MEG for the prospect of M&A. They have great tax pools and is deeply discounted. CVE provides exposure to heavy oil production and Alberta monetizing their rail position. He would prefer MEG, because of its relative valuation. Both have a good investment case.
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Cenovus Energy (CVE-T)
November 15, 2019
Cenovus or MEG? He likes MEG for the prospect of M&A. They have great tax pools and is deeply discounted. CVE provides exposure to heavy oil production and Alberta monetizing their rail position. He would prefer MEG, because of its relative valuation. Both have a good investment case.
BUY WEAKNESS
BUY WEAKNESS
October 15, 2019
$16.29 is his model price. They can sustain their yield, but it theatens to fall. Sell at $11.05. Watch carefully. This is good risk-reward for a trader. It's trying to bottom, but he doesn't know where this is going. He likes it. If it break here, it'll fall to $9.50.
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Cenovus Energy (CVE-T)
October 15, 2019
$16.29 is his model price. They can sustain their yield, but it theatens to fall. Sell at $11.05. Watch carefully. This is good risk-reward for a trader. It's trying to bottom, but he doesn't know where this is going. He likes it. If it break here, it'll fall to $9.50.
BUY
BUY
October 11, 2019

Heavy oil? He is bullish on heavy oil as countries like Venezuela have seen production fall to 20 year lows. Mexico is declining as well. This is good for Canada, but we are still pipeline constrained. At $60 WTI and $15 heavy oil differentials he likes CVE-T, MEG-T and BTE-T.

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Cenovus Energy (CVE-T)
October 11, 2019

Heavy oil? He is bullish on heavy oil as countries like Venezuela have seen production fall to 20 year lows. Mexico is declining as well. This is good for Canada, but we are still pipeline constrained. At $60 WTI and $15 heavy oil differentials he likes CVE-T, MEG-T and BTE-T.

COMMENT
COMMENT
October 11, 2019

A takeout target? MEG-T is not his largest holding as they have more leverage than he is comfortable with. Their low cost structure and 65 years of production life, he sees them being able to de-leverage themselves back to 2 times cash flow over the next two years. The company will generate over 20% free cash yield at $55 WTI prices and $17.50 heavy oil differential. This makes them the #1 M&A target in Canada -- maybe CVE-T.

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Cenovus Energy (CVE-T)
October 11, 2019

A takeout target? MEG-T is not his largest holding as they have more leverage than he is comfortable with. Their low cost structure and 65 years of production life, he sees them being able to de-leverage themselves back to 2 times cash flow over the next two years. The company will generate over 20% free cash yield at $55 WTI prices and $17.50 heavy oil differential. This makes them the #1 M&A target in Canada -- maybe CVE-T.

DON'T BUY
DON'T BUY
October 4, 2019
Oil stocks are under a black cloud right now. He would only buy oil stocks to get good dividend payout. We're seeing in the oil and energy area that investors want to get away from oil. Yield is just okay at 2.2%.
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Cenovus Energy (CVE-T)
October 4, 2019
Oil stocks are under a black cloud right now. He would only buy oil stocks to get good dividend payout. We're seeing in the oil and energy area that investors want to get away from oil. Yield is just okay at 2.2%.
PAST TOP PICK
PAST TOP PICK
September 3, 2019

(A Top Pick Aug 17/18, Down 4%) The new CEO has done a good job in a very tough energy environment. The crude by rail plan is important for CVE. He sold his shares and bought CNQ-T for its better balance sheet. If oil improves, CVE will rip higher.

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Cenovus Energy (CVE-T)
September 3, 2019

(A Top Pick Aug 17/18, Down 4%) The new CEO has done a good job in a very tough energy environment. The crude by rail plan is important for CVE. He sold his shares and bought CNQ-T for its better balance sheet. If oil improves, CVE will rip higher.

SELL STRENGTH
SELL STRENGTH
August 29, 2019

CVE vs. SU. Doesn't love energy so much. Has its challenges, China being one of them. Another being energy pricing. Suncor is coming into a level of support. If he owned it, he'd give it the benefit of the doubt and hold. Might be a buy for a more aggressive investor. Cenovus is off its support level, and attempting a trend. Oil tends to do best in the spring. If we see any kind of a rally around $15, he'd sell.

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Cenovus Energy (CVE-T)
August 29, 2019

CVE vs. SU. Doesn't love energy so much. Has its challenges, China being one of them. Another being energy pricing. Suncor is coming into a level of support. If he owned it, he'd give it the benefit of the doubt and hold. Might be a buy for a more aggressive investor. Cenovus is off its support level, and attempting a trend. Oil tends to do best in the spring. If we see any kind of a rally around $15, he'd sell.

PAST TOP PICK
PAST TOP PICK
August 13, 2019
(A Top Pick Jun 18/19, Down 3%) To his surprise, the energy sector (globally) pays the highest yield. The pipelines have held on quite well. He's waiting for energy to come back--rising tides rises all boats.
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Cenovus Energy (CVE-T)
August 13, 2019
(A Top Pick Jun 18/19, Down 3%) To his surprise, the energy sector (globally) pays the highest yield. The pipelines have held on quite well. He's waiting for energy to come back--rising tides rises all boats.
TOP PICK
TOP PICK
July 17, 2019
Following the Conoco acquisition, he vowed to not own this. He bought it in June as their asset sales have done well. There has been a good change in investor sentiment. They have 100,000 bpd contracted by rail and another 300,000 bpd by pipeline. They are generating great free cash flow as they are now in harvest mode after a few years of capital expenditures. Yield 1.63% (Analysts’ price target is $14.89)
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Following the Conoco acquisition, he vowed to not own this. He bought it in June as their asset sales have done well. There has been a good change in investor sentiment. They have 100,000 bpd contracted by rail and another 300,000 bpd by pipeline. They are generating great free cash flow as they are now in harvest mode after a few years of capital expenditures. Yield 1.63% (Analysts’ price target is $14.89)
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