Cenovus Energy

CVE-T

TSE:CVE

5.65
0.09 (1.57%)
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
PARTIAL SELL
PARTIAL SELL
November 6, 2017

He would be inclined to take a little profit. This company rolled the dice, and it looks like it is going to pay off for them. They still have some issues in that they have to sell off some assets, and there is a chance that the pop we are seeing in the oil price may not necessarily last. He would be inclined to take a little profit.

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Cenovus Energy (CVE-T)
November 6, 2017

He would be inclined to take a little profit. This company rolled the dice, and it looks like it is going to pay off for them. They still have some issues in that they have to sell off some assets, and there is a chance that the pop we are seeing in the oil price may not necessarily last. He would be inclined to take a little profit.

TOP PICK
TOP PICK
November 2, 2017

A restructuring story, so will take some time. Has a new CEO coming in and will be cutting costs. Still has very good production. Expects the company to tick along. (Analysts' price target is $14.50.)

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Cenovus Energy (CVE-T)
November 2, 2017

A restructuring story, so will take some time. Has a new CEO coming in and will be cutting costs. Still has very good production. Expects the company to tick along. (Analysts' price target is $14.50.)

COMMENT
COMMENT
October 25, 2017

Had a tough year and their share price tanked. It’s starting to see a bit of a turnaround, and there has been some nice appreciation over the last couple of months. Pulled back in the last few weeks with the sector. They started to eliminate debt, which is a huge thing for them, because their debt ratios were off the charts. Have had some strategic asset sales which is bringing down the debt, and the market is liking that.

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Cenovus Energy (CVE-T)
October 25, 2017

Had a tough year and their share price tanked. It’s starting to see a bit of a turnaround, and there has been some nice appreciation over the last couple of months. Pulled back in the last few weeks with the sector. They started to eliminate debt, which is a huge thing for them, because their debt ratios were off the charts. Have had some strategic asset sales which is bringing down the debt, and the market is liking that.

TOP PICK
TOP PICK
October 3, 2017

Likes the ConocoPhillips deal. It appears the market might be coming around on this finally. If you take the negative view, it is like they purchased more oil sands assets and deep basin, where they don’t really have expertise, and now they are going to have to sell assets into a bad market. However, those assets they are selling cash flow even at $45, and there is lots of money out there looking for those types of assets. Dividend yield of 1.6%. (Analysts’ price target is $13.50.)

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Cenovus Energy (CVE-T)
October 3, 2017

Likes the ConocoPhillips deal. It appears the market might be coming around on this finally. If you take the negative view, it is like they purchased more oil sands assets and deep basin, where they don’t really have expertise, and now they are going to have to sell assets into a bad market. However, those assets they are selling cash flow even at $45, and there is lots of money out there looking for those types of assets. Dividend yield of 1.6%. (Analysts’ price target is $13.50.)

COMMENT
COMMENT
September 27, 2017

Not one of his favourite energy stocks. Made one really bad acquisition at the wrong time and piled themselves up with debt. The CEO announced he is leaving, but in the meantime is trying to undo some of the mess. He would rather go for a well-managed company with good assets and that will be growing.

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Cenovus Energy (CVE-T)
September 27, 2017

Not one of his favourite energy stocks. Made one really bad acquisition at the wrong time and piled themselves up with debt. The CEO announced he is leaving, but in the meantime is trying to undo some of the mess. He would rather go for a well-managed company with good assets and that will be growing.

TOP PICK
TOP PICK
September 22, 2017

There was the crash in oil prices, and this company didn’t restructure as fast as everybody else, and got really hurt. Recently did a very big acquisition and had to issue a bunch of shares, and the stock has fallen even more. This is probably the time to own the stock because of new management coming in, who will probably exit some businesses allowing them to pay down some debt. Dividend yield of 1.6%. (Analysts’ price target is $13.)

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Cenovus Energy (CVE-T)
September 22, 2017

There was the crash in oil prices, and this company didn’t restructure as fast as everybody else, and got really hurt. Recently did a very big acquisition and had to issue a bunch of shares, and the stock has fallen even more. This is probably the time to own the stock because of new management coming in, who will probably exit some businesses allowing them to pay down some debt. Dividend yield of 1.6%. (Analysts’ price target is $13.)

DON'T BUY
DON'T BUY
September 18, 2017

He has problems with them. It is not a nice balance sheet. It was a thermal operator and now they are a conventional operator and people will take time to know they are good at both. It has a couple of dollars downside on it.

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Cenovus Energy (CVE-T)
September 18, 2017

He has problems with them. It is not a nice balance sheet. It was a thermal operator and now they are a conventional operator and people will take time to know they are good at both. It has a couple of dollars downside on it.

DON'T BUY
DON'T BUY
September 15, 2017

The amount of debt is a concern, which is why they’re disposing of assets. Even with that leverage relative to its peers, free cash flow is lower. They don’t know who the next CEO is going to be. There is no reason to own this.

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Cenovus Energy (CVE-T)
September 15, 2017

The amount of debt is a concern, which is why they’re disposing of assets. Even with that leverage relative to its peers, free cash flow is lower. They don’t know who the next CEO is going to be. There is no reason to own this.

PAST TOP PICK
PAST TOP PICK
September 13, 2017

(A Top Pick Nov 4/16. Down 40%.) Had bought this with its clean balance sheet, etc. and then they made a gigantic acquisition which transformed it. However, they’ve been very successful at disposing of some assets, and he expects they will close on some more dispositions before year-end. They know they have to address the balance sheet problem.

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Cenovus Energy (CVE-T)
September 13, 2017

(A Top Pick Nov 4/16. Down 40%.) Had bought this with its clean balance sheet, etc. and then they made a gigantic acquisition which transformed it. However, they’ve been very successful at disposing of some assets, and he expects they will close on some more dispositions before year-end. They know they have to address the balance sheet problem.

WATCH
WATCH
August 28, 2017

Lower lows and lower highs, it is down, down, down. The whole energy space is challenged for the next number of years. We had a pull back. He thinks there is value here. It could take 6 months or a year before we realize that value. This company has company specific risk. He does not know if the deal they are going to do will be accretive or trouble like the market thinks. You need to see the trend stop going down. We might have some support coming in here. If it holds and we take out some intermediate highs of a few weeks ago, you can gain confidence that the bottom is in.

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Cenovus Energy (CVE-T)
August 28, 2017

Lower lows and lower highs, it is down, down, down. The whole energy space is challenged for the next number of years. We had a pull back. He thinks there is value here. It could take 6 months or a year before we realize that value. This company has company specific risk. He does not know if the deal they are going to do will be accretive or trouble like the market thinks. You need to see the trend stop going down. We might have some support coming in here. If it holds and we take out some intermediate highs of a few weeks ago, you can gain confidence that the bottom is in.

HOLD
HOLD
August 3, 2017

This is really out of favour, but in their last quarter they really surprised the street with a big tax rebate and a few other things that really helped boost their numbers. Longer-term, this is probably a good name, but still probably a “no touch” for 6 months to a year. Thinks the worst is over, but it may take a while for it to start reacting again.

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Cenovus Energy (CVE-T)
August 3, 2017

This is really out of favour, but in their last quarter they really surprised the street with a big tax rebate and a few other things that really helped boost their numbers. Longer-term, this is probably a good name, but still probably a “no touch” for 6 months to a year. Thinks the worst is over, but it may take a while for it to start reacting again.

DON'T BUY
DON'T BUY
July 28, 2017

He would stay away. Just reported with $.71 in cash flow versus $.53. The problem is, $13 billion of debt against $18 billion of equity. They are trying to sell $4-$5 billion of assets to get the balance sheet in line. The only buyers are a few Canadian companies. This company was doing very well in thermal, but by going in and trying to be Pan-Canadian again, getting into the conventional oil/gas business, the market is skeptical and the stock is going to go much lower.

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He would stay away. Just reported with $.71 in cash flow versus $.53. The problem is, $13 billion of debt against $18 billion of equity. They are trying to sell $4-$5 billion of assets to get the balance sheet in line. The only buyers are a few Canadian companies. This company was doing very well in thermal, but by going in and trying to be Pan-Canadian again, getting into the conventional oil/gas business, the market is skeptical and the stock is going to go much lower.

WAIT
WAIT
July 19, 2017

They made an acquisition, and everybody thought they overpaid. Now they have a balance sheet problem, so before you get involved, wait to see what they dispose of and how much they get for it. She wouldn’t rush into this until they fix the balance sheet a little.

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They made an acquisition, and everybody thought they overpaid. Now they have a balance sheet problem, so before you get involved, wait to see what they dispose of and how much they get for it. She wouldn’t rush into this until they fix the balance sheet a little.

DON'T BUY
DON'T BUY
July 17, 2017

The chart is not looking too good. There is a distinctive trend down. It may be trying to form a base, showing an early sign of bottoming. You want more than just early signs. Seasonally these stocks do well from January to April.

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The chart is not looking too good. There is a distinctive trend down. It may be trying to form a base, showing an early sign of bottoming. You want more than just early signs. Seasonally these stocks do well from January to April.

COMMENT
COMMENT
July 12, 2017

Cenovus Energy (CEV-T) or Algonquin Power (AQN-T) for long-term gains and dividends? All interest sensitive stocks in a rising interest rate environment tend to pull back, especially so in a sharply rising rate environment, which she does not anticipate in Canada. If we get these pullbacks and high-quality utilities, it is a good time to get in. If you want yield, Algonquin Power is definitely the stock to get into. This one is an energy oil sands producer, whose cash flow is going to be largely predicated on what crude oil does.

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Cenovus Energy (CEV-T) or Algonquin Power (AQN-T) for long-term gains and dividends? All interest sensitive stocks in a rising interest rate environment tend to pull back, especially so in a sharply rising rate environment, which she does not anticipate in Canada. If we get these pullbacks and high-quality utilities, it is a good time to get in. If you want yield, Algonquin Power is definitely the stock to get into. This one is an energy oil sands producer, whose cash flow is going to be largely predicated on what crude oil does.

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