Added to YB: 2026-02-16
Pitch date: 2025-12-05
CVE [bullish]
Cenovus Energy Inc.
+26.23%
current return
Author Info
No bio for this author
Company Info
Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China.
Market Cap
CAD 56.4B
Pitch Price
CAD 25.10
Price Target
46.00 (+45%)
Dividend
2.61%
EV/EBITDA
6.97
P/E
17.43
EV/Sales
1.25
Sector
Oil, Gas and Consumable Fuels
Category
value
Cenovus Energy Inc. - $CVE
CVE: MEG acquisition consolidates 550K boe/d oil sands platform, lowest steam-to-oil ratio among peers. $400M annual synergies by 2028, $150M in 2025. 2028 FCF C$3-3.60/sh at current prices (11.6-14% yield) + 3% div + 5% buybacks. Downside protected at $45 WTI. At $75 WTI, $9.7B FCF (C$4.90/sh); 7.5% yield = 150%+ upside. Refining turnaround adds support.
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