Bet_Noire Cenovus Energy Inc. (NYSE:CVE) stock has lagged its large oil sands peers—badly. Since the beginning of 2023, it's gained 6.97%, versus 36.92% and 27.20% for Canadian Natural Resources (CNQ) and Suncor Energy (SU), respectively. HFI Research CVE fell out of favor in 2022 after management miscommunicated the timing of the company’s pivot to returning 100% of free cash flow to shareholders. Around the same time, another headwind to the shares’ performance emerged when CVE’s U.S. downstream segment s ...