Professional
Added to YB: 2024-11-25
Pitch date: 2024-11-22
CVE.TO [bullish]
Cenovus Energy Inc.
+13.89%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
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 36.8B
Pitch Price
CAD 21.80
Price Target
N/A
Dividend
4.18%
EV/EBITDA
5.10
P/E
14.28
EV/Sales
0.86
Sector
Oil, Gas and Consumable Fuels
Category
value
Year-end TSX market dredge opportunities - Cenovus Energy Inc.
CVE.TO: Underperforming oilsands major, cheap vs peers. Q3 US refining margins hit. Christina Lake lowest-cost bitumen. Insider buying, buybacks, low dividend. Downstream struggles but likely to improve. Low-cost operator, delevered. Trading stock with favorable risk-reward at current valuation.
Read full article (2 min)