TSX:CVEOil and Gas
Assessing Cenovus Energy’s Valuation After Record Output MEG Acquisition And Capital Spending Reset
Cenovus Energy (TSX:CVE) is back in focus after its latest quarterly earnings, where record upstream production and the MEG Energy acquisition were paired with lower planned capital spending and clearly defined synergy targets.
See our latest analysis for Cenovus Energy.
The strong Q4 update and MEG integration story have come against a backdrop of firm share price momentum, with Cenovus Energy’s 30 day share price return of 17.06% and 1 year total shareholder return of 82.15% pointing to...