Buy, Sell or Hold: Cenovus Energy (CVE-T) — Stock Predictions at Stockchase

TSE:CVE

17.61

0.07 (0.40%) 1d

Showing 1 to 15 of 383 entries

HOLD

Paying down debt, because otherwise it makes it hard to get financing. Sold off part of assets, a smart move. Likes what they're doing. If oil stays around $75, they will benefit over time. They're being cautious. They've agreed to buy back shares, but this can change.

oil / gas

COMMENT

Selling gas station and oil sands assets to pay debt He's been fairly big in the energy sector, but not CVE. It's good they're paying down debt as rates are low. There will be continued demand for fossil fuels. There's a supply shortage and alternative sources haven't filled energy demand yet. He's bullish energy.

oil / gas

WEAK BUY

They made a buy purchase of Husky. It's probably a good long-term hold if you want exposure in the energy patch. She owns no oil producers, but pipelines instead. CVE is decent.

oil / gas

BUY

Doing very well. Increased dividend, though not a big yield. Free cashflow accelerating. Improved balance sheet. Sold non-core holdings. Increased production. Talks environmental responsibility. Good future ahead. Discount to the group.

oil / gas

COMMENT

Might take another run at MEG, but he'd be surprised, as they could get into trouble. They just got out of jail from the disappointing Husky transaction. Seem pretty focused on returning capital to shareholders and paying down debt. A tough business.

oil / gas

BUY

Likes it. The only large cap he owns. It is trading at a material discount. They have a great CEO who executes well. The Husky gas station sale is good to deleverage. 74% upside potential. Volume has been strong. Trading at a good discount. A standout choice.

oil / gas

DON'T BUY

A producer. Selloff in mid-streams favours owning them over a name like this. Producers are more commodity exposed, with risks of labour cost inflation and supply chain shortages. He prefers names like ENB, PPL, and TRP with their healthy dividends and less volatility.

oil / gas

TOP PICK

Highest conviction play. A large cap that can offer 100% upside potential. Trading at half of the multiples of US peers. Aggressively paying down the Husky debt. Breached the 10B metric and buybacks start Tuesday. They still have assets to sell that can contribute to buybacks. Balance sheet is improving. At $80 oil, it could be in the low $30s. (Analysts’ price target is $19.05)

oil / gas

BUY on WEAKNESS

CVE-T vs. CNQ-T. CNQ-T has not outperformed over ten years but he would be weighted more towards it for the short term at this point, buying on weakness. The dividend return is important to a lot of investors.

oil / gas

COMMENT

These days, you want to own the larger cap players. They all plan to cut back spending, reduce debt, increase dividend, buy back shares. He owns CNQ instead. Won't be massive increases in exploration and production. Oil is not going away.

oil / gas

TOP PICK

The CEO is a good micro and macro thinker. The Husky purchase debt is being paid down quickly. Once this is done, they should introduce a meaningful share buyback program. Trading at a material discount to peers. Trading at a 27% free cashflow yield right now. Has lots of flexibility on how to return capital to investors. Could go up to $23 per share. (Analysts’ price target is $16.02)

oil / gas

BUY

The price is now good. Its cash flow is below 5x or 4x. It pays a modest dividend. They're technologically advance and own great properties. They lowered their interest in White Rose and Terra Nova, which frees up more capital to deploy in traditional fields. Good managers. He owns a little and should do well in coming years.

oil / gas

HOLD

Balance sheet in good shape. Oil at these levels means incredible levels of free cashflow. Trading at historically low multiples. Economy is slowing, so he reduced his position in the summer to about 2%. He tries to ignore OPEC news, but would be fine with the name for the next few months. If it got into the mid-teens, he'd probably be out.

oil / gas

TOP PICK

The bonds. Due in 2027. Tremendous free cashflow, being used to eliminate debt. Right time to own oil sector bonds. Fundamentals of underlying bonds and equities are in good shape. He's not crazy about bonds, but you have to have some. Gives you roughly 2.5%.

oil / gas

TOP PICK

It is hard to predict the oil price in a year out. They are now making so much money and the debt is coming down. It's a massive company. Debt is a concern after the Husky purchase but debt is coming down quickly. (Analysts’ price target is $15.79)

oil / gas

Showing 1 to 15 of 383 entries

Cenovus Energy(CVE-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 11

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 15

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, 15 stock analysts published opinions about CVE-T. 11 analysts recommended to BUY the stock. 2 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?

15 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 2022-01-24, Cenovus Energy (CVE-T) stock closed at a price of $17.61.

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