TSX:CVEOil and Gas
Does Cenovus Still Offer Upside After Recent Pullback And Strong Five Year Run?
Wondering if Cenovus Energy is still a smart buy at today’s price, or if most of the upside is already baked in? This article unpacks what the market is really paying for this stock.
Despite a solid 12.4% gain over the last year and a 228.4% return over five years, the share price has cooled recently, down 2.3% over the past week and 9.2% over the last month, while remaining up 3.8% year to date.
That pullback comes as investors digest a mix of macro and company specific developments,...