Cenovus Energy Inc (NYSE:CVE)

CAPS Rating: 4 out of 5

The company is involved in oil and natural gas extraction from regions of Alberta and Saskatchewan.


Player Avatar TMFDeej (99.23) Submitted: 2/10/2011 2:53:27 PM : Outperform Start Price: $32.25 CVE Score: -11.31

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Member Avatar srkenne264 (99.49) Submitted: 2/15/2011 10:07:32 AM
Recs: 0

This is a good company that leads the way in SAGD development. They have brought each of their phases of Christina Lake and Foster Creek on line very close to on schedule and budget (not always the case in the canadian oil sands). They have good management and with the separation with Encana - a very focused strategy. Now with Shale gas keeping their main feedstock costs down they will be very profitable for the mid term - imho.

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