TSX:CVEOil and Gas
Cenovus Energy (TSX:CVE) Valuation After Alberta Asset Sales Plan And MEG Energy Integration
Cenovus Energy (TSX:CVE) is back in focus as it moves ahead with plans to sell substantial non core Alberta oil and gas assets after acquiring MEG Energy, with the goal of lowering debt and sharpening its operations.
See our latest analysis for Cenovus Energy.
Those asset sales come after a period where momentum has been building, with a 30 day share price return of 12.41% and a 1 year total shareholder return of 25.54% from a CA$25.72 share price starting point.
If Cenovus’s reshaping of its...