Cenovus Energy

CVE-T

TSE:CVE

2.72
0.12 (4.23%)
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
COMMENT
COMMENT
March 24, 2020
Has a decent balance sheet with good cash flow. The dividend is safe, but they have cut back their budget over 30%. They will stop oil shipments by rail because of high costs and low oil prices. They were the first to batten down the hatches, but after we endure the oil and virus crises, CVE will survive. If low prices continue, they could cut costs further.
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Cenovus Energy (CVE-T)
March 24, 2020
Has a decent balance sheet with good cash flow. The dividend is safe, but they have cut back their budget over 30%. They will stop oil shipments by rail because of high costs and low oil prices. They were the first to batten down the hatches, but after we endure the oil and virus crises, CVE will survive. If low prices continue, they could cut costs further.
WEAK BUY
WEAK BUY
March 17, 2020
One of the lowest-cost producers in the Oil Sands, and he recommends it even though energy has been decimated. It likely has a good position now, assuming this environment doesn't go on too long. How long Russia and the Saudis can keep prices this low without harming their own economies?
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Cenovus Energy (CVE-T)
March 17, 2020
One of the lowest-cost producers in the Oil Sands, and he recommends it even though energy has been decimated. It likely has a good position now, assuming this environment doesn't go on too long. How long Russia and the Saudis can keep prices this low without harming their own economies?
PAST TOP PICK
PAST TOP PICK
March 12, 2020
(A Top Pick Apr 17/19, Down 74%) It has the problem that it has more debt than he would like because of an acquisition. They paid off a good chunk of the debt but there is still some left and they suffer compared to some others. It will look in the future as a super bargain at these levels. Some oil company somewhere in the world will go into bankruptcy. It makes no sense to sell it here.
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Cenovus Energy (CVE-T)
March 12, 2020
(A Top Pick Apr 17/19, Down 74%) It has the problem that it has more debt than he would like because of an acquisition. They paid off a good chunk of the debt but there is still some left and they suffer compared to some others. It will look in the future as a super bargain at these levels. Some oil company somewhere in the world will go into bankruptcy. It makes no sense to sell it here.
DON'T BUY
DON'T BUY
March 11, 2020
Balance sheets are getting more impaired. Market is starting to hint that dividend may be cut. Wouldn't be adding to his position. Yield is 6%.
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Cenovus Energy (CVE-T)
March 11, 2020
Balance sheets are getting more impaired. Market is starting to hint that dividend may be cut. Wouldn't be adding to his position. Yield is 6%.
DON'T BUY
DON'T BUY
March 10, 2020
Overlevered with lots of debt that will impair cash flow. This will be at risk if oil prices remain this low for a while, but who knows? Oil prices could change anytime. He's not in the distressed debt game. But if the Saudi-Russian oil war ends, this is a name that will benefit better than others.
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Cenovus Energy (CVE-T)
March 10, 2020
Overlevered with lots of debt that will impair cash flow. This will be at risk if oil prices remain this low for a while, but who knows? Oil prices could change anytime. He's not in the distressed debt game. But if the Saudi-Russian oil war ends, this is a name that will benefit better than others.
HOLD
HOLD
March 6, 2020
Buy at $6? He sold CVE earlier to today. He wanted dry powder to find other opportunities. They have the best leverage to an improvement in the Canadian energy sector. If you think oil prices will rebound, you could see a 50% rebound in this -- and many others.
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Buy at $6? He sold CVE earlier to today. He wanted dry powder to find other opportunities. They have the best leverage to an improvement in the Canadian energy sector. If you think oil prices will rebound, you could see a 50% rebound in this -- and many others.
BUY
BUY
January 27, 2020
It's an energy name he'd buy. If it rises past $14, it could go to $18.
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Cenovus Energy (CVE-T)
January 27, 2020
It's an energy name he'd buy. If it rises past $14, it could go to $18.
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.
Showing 1 to 15 of 348 entries

Cenovus Energy(CVE-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 12

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 6

Total Signals / Votes : 19

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, 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 . 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 Josef Schachter on 2020-03-24. 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?

19 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 2020-04-01, Cenovus Energy (CVE-T) stock closed at a price of $2.72.