Cenovus Energy (CVE-T) Stock Predictions - Stockchase
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Cenovus Energy (CVE-T)

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Cenovus Energy

CVE-T

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Cenovus Energy (CVE-T) SAVE Apr, 25, 2019, 11:14 pm

13.73 0.01 (0.07%)

About Cenovus Energy (CVE-T)

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. More at Wikipedia

What the experts are saying about CVE-T



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PAST TOP PICK
Cenovus Energy(CVE-T) 

April 25, 2019

(A Top Pick Aug 17/18, Up 15%) Pretty solid quarter the other day. Benefited from curtailment in Alberta. WCS differential affected them. If the differential holds, the profitability explodes. Out of the name now, and into CNQ which has a healthier balance sheet. Could move into the high teens from here.
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(A Top Pick Aug 17/18, Up 15%) Pretty solid quarter the other day. Benefited from curtailment in Alberta. WCS differential affected them. If the differential holds, the profitability explodes. Out of the name now, and into CNQ which has a healthier balance sheet. Could move into the high teens from here.
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Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$13.690
Owned Owned
No

TOP PICK
Cenovus Energy(CVE-T) 

April 17, 2019

He expects oil prices to remain strong and there has been a disconnect between stock prices and oil prices right now. The new CEO has been de-leveraging debt and they have interest in two refineries down stream. Yield 1.52% (Analysts’ price target is $14.73)
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He expects oil prices to remain strong and there has been a disconnect between stock prices and oil prices right now. The new CEO has been de-leveraging debt and they have interest in two refineries down stream. Yield 1.52% (Analysts’ price target is $14.73)
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Norman Levine

Managing D, Portfolio Management...

Price Price
$13.560
Owned Owned
Yes

PAST TOP PICK
Cenovus Energy(CVE-T) 

February 14, 2019

(A Top Pick Jan 18/18, Down 12%) It rallied on a bad report. He sold this pick in the summer and is now short on it. They have not delivered on the balance sheet enough and there is still not positive cash flow. It is a small short for him.
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(A Top Pick Jan 18/18, Down 12%) It rallied on a bad report. He sold this pick in the summer and is now short on it. They have not delivered on the balance sheet enough and there is still not positive cash flow. It is a small short for him.
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Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$11.110
Owned Owned
Yes

DON'T BUY
Cenovus Energy(CVE-T) 

January 21, 2019

Oil and gas makers don't generate the ROE he looks for. They don't have pricing power over their product/commodity; others do. Cenovus is one of the top stocks in this sector, though.
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Oil and gas makers don't generate the ROE he looks for. They don't have pricing power over their product/commodity; others do. Cenovus is one of the top stocks in this sector, though.
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Jason Del Vicar

Portfolio , HollisWealth...

Price Price
$10.620
Owned Owned
No

COMMENT
Cenovus Energy(CVE-T) 

December 14, 2018

Steady income? He thinks the recent budget for SU-T showing production growth with refining assets makes them pretty stable. He thinks there are lots of others that will recover much quicker -- like Cenovus (CVE-T). Yield 3.6%
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Steady income? He thinks the recent budget for SU-T showing production growth with refining assets makes them pretty stable. He thinks there are lots of others that will recover much quicker -- like Cenovus (CVE-T). Yield 3.6%
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$10.260
Owned Owned
Unknown

PAST TOP PICK
Cenovus Energy(CVE-T) 

November 28, 2018

(A Top Pick Jun 01/18, Down 31%) This is a high-quality coming that was improving itself. The heavy oil differentials will likely close towards normal levels soon. They are moving more oil by rail and at today’s price it is still a bargain.
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(A Top Pick Jun 01/18, Down 31%) This is a high-quality coming that was improving itself. The heavy oil differentials will likely close towards normal levels soon. They are moving more oil by rail and at today’s price it is still a bargain.
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Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$9.190
Owned Owned
Yes

BUY
Cenovus Energy(CVE-T) 

November 16, 2018

He likes this company. You get very good exposure to WCS differentials. The new CEO is doing a good job of repositioning the company. There is the potential of further monetization of assets. Good entry point to get good exposure with a large cap Canadian stock.
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He likes this company. You get very good exposure to WCS differentials. The new CEO is doing a good job of repositioning the company. There is the potential of further monetization of assets. Good entry point to get good exposure with a large cap Canadian stock.
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$10.690
Owned Owned
No

HOLD
Cenovus Energy(CVE-T) 

November 14, 2018

They are not getting the benefit they should be. They have done a complete change in their strategy. Their stock price has held fairly steady over the last year. They are experiencing better numbers than a lot of the small to mid cap names. She thinks it will be considerably higher stock price in 2 years time.
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They are not getting the benefit they should be. They have done a complete change in their strategy. Their stock price has held fairly steady over the last year. They are experiencing better numbers than a lot of the small to mid cap names. She thinks it will be considerably higher stock price in 2 years time.
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Joanne A. Hrusk

Market Str, Integral Wealth Secu...

Price Price
$10.780
Owned Owned
No

DON'T BUY
Cenovus Energy(CVE-T) 

October 29, 2018

CPG-T vs. SVE-T.  He does not think the energy sector is coming back in a big way any time soon.  There are over sold indicators so it is okay as a trade but not for long term.  We need pipeline capacity.  He is fine with CPG-T.

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CPG-T vs. SVE-T.  He does not think the energy sector is coming back in a big way any time soon.  There are over sold indicators so it is okay as a trade but not for long term.  We need pipeline capacity.  He is fine with CPG-T.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$10.870
Owned Owned
Unknown

PAST TOP PICK
Cenovus Energy(CVE-T) 

October 11, 2018

(Past Top Pick Sept. 22, 2017, Down 6%) He bought is because he saw a real restructuring story. It was beaten up and he felt new managers would solve those problems. They are slowly doing that like getting rid of some assets and it will work out in the end.

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(Past Top Pick Sept. 22, 2017, Down 6%) He bought is because he saw a real restructuring story. It was beaten up and he felt new managers would solve those problems. They are slowly doing that like getting rid of some assets and it will work out in the end.

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Paul Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$11.690
Owned Owned
Yes

PAST TOP PICK
Cenovus Energy(CVE-T) 

September 26, 2018

(A Top Pick October 3/17 Up 1%)  He did sell this back in late-May when it became apparent a refinery shutdown was going to cause differentials to blow out in the fall.  Still a good company, but having cut the dividend to less than 2%, there are better options now.  

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(A Top Pick October 3/17 Up 1%)  He did sell this back in late-May when it became apparent a refinery shutdown was going to cause differentials to blow out in the fall.  Still a good company, but having cut the dividend to less than 2%, there are better options now.  

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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$12.010
Owned Owned
No

DON'T BUY
Cenovus Energy(CVE-T) 

September 17, 2018

It has been a tough energy call.  He thought it was cheap enough after their acquisition and the stock got hammered, but the rally petered out.  He got out.  Cash flow is not really there.  It is lining up as a short if he sees more weakness.

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It has been a tough energy call.  He thought it was cheap enough after their acquisition and the stock got hammered, but the rally petered out.  He got out.  Cash flow is not really there.  It is lining up as a short if he sees more weakness.

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Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$11.400
Owned Owned
No

COMMENT
Cenovus Energy(CVE-T) 

September 17, 2018

He sold it this year, because he was reducing his energy weighting. New managers have done well selling assets to reduce debt. Have also lowered costs. They don't have the refining capacity, so that's a problem. By 2020, the debt should be low enough to increase the dividend, though he had been expecting 2019.

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He sold it this year, because he was reducing his energy weighting. New managers have done well selling assets to reduce debt. Have also lowered costs. They don't have the refining capacity, so that's a problem. By 2020, the debt should be low enough to increase the dividend, though he had been expecting 2019.

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Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$11.400
Owned Owned
No

DON'T BUY
Cenovus Energy(CVE-T) 

September 7, 2018

The company has over $9 billion of debt against $19 billion of equity.  He would stay away.  Heavy oil differentials are problematic.  Book value is $15 per share.  He thinks the stock is susceptible to further selling pressure as oil prices are expected to drop below $60 soon on a seasonal basis.  

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The company has over $9 billion of debt against $19 billion of equity.  He would stay away.  Heavy oil differentials are problematic.  Book value is $15 per share.  He thinks the stock is susceptible to further selling pressure as oil prices are expected to drop below $60 soon on a seasonal basis.  

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$11.710
Owned Owned
No

BUY
Cenovus Energy(CVE-T) 

August 17, 2018

It is down 15% in the past month, due to widening heavy oil differentials.  With more rail capacity coming, it will support differentials near WTI less $23 – he is using $20 in his models.  They are paying down debt and he thinks the worst is behind them.  When stricter sulphur limits are imposed on marine fuels in 2020, he estimates this will have a $5 worsening impact on heavy differentials.  However, he thinks this will ultimately lead to higher oil demand globally and higher oil prices.  

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It is down 15% in the past month, due to widening heavy oil differentials.  With more rail capacity coming, it will support differentials near WTI less $23 – he is using $20 in his models.  They are paying down debt and he thinks the worst is behind them.  When stricter sulphur limits are imposed on marine fuels in 2020, he estimates this will have a $5 worsening impact on heavy differentials.  However, he thinks this will ultimately lead to higher oil demand globally and higher oil prices.  

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0 0 0 0 0
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$11.960
Owned Owned
Yes

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