Cenovus Energy

CVE-T

TSE:CVE

12.11
0.15 (1.22%)
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

Analysis and Opinions about CVE-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
June 27, 2019

It is one of the two most levered to oil if you really want to make a bet. Technically, it is set up quite well on a point a figure chart, but it is not the leader in the group. He would choose SU-T or CNQ-T.

Show full opinionHide full opinion

It is one of the two most levered to oil if you really want to make a bet. Technically, it is set up quite well on a point a figure chart, but it is not the leader in the group. He would choose SU-T or CNQ-T.

TOP PICK
TOP PICK
June 18, 2019
They expect to see another upward move in oil prices soon and he likes the added torque to oil prices this holds. The stock appears to be ending a retracement period and he thinks now is the time to re-enter. Yield 1.67% (Analysts’ price target is $15.53)
Show full opinionHide full opinion
They expect to see another upward move in oil prices soon and he likes the added torque to oil prices this holds. The stock appears to be ending a retracement period and he thinks now is the time to re-enter. Yield 1.67% (Analysts’ price target is $15.53)
PAST TOP PICK
PAST TOP PICK
June 14, 2019

(A Top Pick Apr 13/18, Down 9%) Had been hoping the differential would recover. It's a political problem. Consolidated into CNQ instead, as it's generating a ton of cash and that's a safe way to be in the space.

Show full opinionHide full opinion

(A Top Pick Apr 13/18, Down 9%) Had been hoping the differential would recover. It's a political problem. Consolidated into CNQ instead, as it's generating a ton of cash and that's a safe way to be in the space.

BUY
BUY
May 13, 2019
Likes it a lot. Trading cheaper than other major energy companies. Huge leverage to higher oil prices. Paid down debt. Will be well ahead of targets to reduce debt. By summer, if we're lucky, should see dividend increases. Well run, reasonable valuations. Wouldn't hesitate to own it down here.
Show full opinionHide full opinion
Likes it a lot. Trading cheaper than other major energy companies. Huge leverage to higher oil prices. Paid down debt. Will be well ahead of targets to reduce debt. By summer, if we're lucky, should see dividend increases. Well run, reasonable valuations. Wouldn't hesitate to own it down here.
PAST TOP PICK
PAST TOP PICK
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.
Show full opinionHide full opinion
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.
TOP PICK
TOP PICK
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)
Show full opinionHide full opinion
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)
PAST TOP PICK
PAST TOP PICK
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.
Show full opinionHide full opinion
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.
DON'T BUY
DON'T BUY
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.
Show full opinionHide full opinion
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.
COMMENT
COMMENT
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%
Show full opinionHide full opinion
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%
PAST TOP PICK
PAST TOP PICK
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.
Show full opinionHide full opinion
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.
BUY
BUY
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.
Show full opinionHide full opinion
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.
HOLD
HOLD
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.
Show full opinionHide full opinion
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.
DON'T BUY
DON'T BUY
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.

Show full opinionHide full opinion
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.

PAST TOP PICK
PAST TOP PICK
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.

Show full opinionHide full opinion
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.

PAST TOP PICK
PAST TOP PICK
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.

Show full opinionHide full opinion
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.

Showing 16 to 30 of 341 entries