TSX:CVEOil and Gas
Cenovus Energy (TSX:CVE) Valuation After Deep Basin Asset Sale Review And MEG Energy Integration
Cenovus Energy (TSX:CVE) is weighing a potential sale of its conventional oil and gas assets in Alberta's Deep Basin. The move is aimed at lowering debt after the MEG Energy acquisition.
See our latest analysis for Cenovus Energy.
The potential Deep Basin sale comes after Cenovus was added to the S&P/TSX Canadian Dividend Aristocrats Index in January, alongside a strong recent share price run. The CA$26.87 share price reflects a 30-day share price return of 11.73% and a 1-year total...