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.
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.
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.
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.
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 12
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 6
Total Signals / Votes : 19
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
In the last year, 19 stock analysts published opinions about CVE-T. 12 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Cenovus Energy.
Cenovus Energy was recommended as a Top Pick by Eric Nuttall on 2020-04-03. Read the latest stock experts ratings for Cenovus Energy.
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.
19 stock analysts on Stockchase covered Cenovus Energy In the last year. It is a trending stock that is worth watching.
On 2020-04-03, Cenovus Energy (CVE-T) stock closed at a price of $3.46.
