Cenovus: Record Valuation Discount Could Set Up Strong Returns
Cenovus Energy(CVE) Seeking Alpha·2024-11-20 15:35
We named Cenovus Energy (NYSE: CVE ) our top pick among Canadian oils earlier this year as we highlighted its potential to pay out ~1/3 of its market cap over the next 2 years after management announced it would return 100% of (excess) FCF. SinceAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving ...