Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) is now 51% cheaper than it was during its August 2014 peak before the oil crash. The stock had enjoyed a nice rally last year, but it has since given up a majority of its gains.
Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) is a large Canadian oil company that produces oil sands, bitumen, and natural gas; its operations are complemented by the transportation and refining of crude oil into petroleum and chemical products.
Cenovus Energy Inc. CVE was a big mover last session, as the company saw its shares rise above 5% on the day. The move came on solid volume too, with far more shares changing hands than in a normal session.
Canaccord Genuity initiates coverage on Cenovus Energy Inc. (NYSE: CVE) with a Hold rating and a price target of $18.50. Analyst Dennis says CVE "controls world-class in situ resource in the Athabasca Fairway.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Cenovus Energy Inc. CVE. This Oil and Gas -Integrated - Canadian industry stock has actually seen estimates rise over the past month for the ...