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Cenovus Energy Stock Symbol: CVE-T

Last Price Recorded: $25.6700 on 2014-11-29

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Date Signal Expert Opinion Price
2014-11-27 WEAK BUY Paul Harris, CFA

You have to look at great companies because we don’t know where oil will go.  This is one of them.  They will have to rationalize their businesses and cut costs.  This may involve cutting the dividend. 


Price:
$25.760
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
CAUTIOUS on OIL
Owned:
Unknown
2014-11-26 COMMENT Greg Newman

Even with WTI as $75 and natural gas at $3.50, he still models a payout ratio of about 132%, 2015 estimates. This is not a safe dividend.


Price:
$27.020
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
Unknown
2014-11-18 COMMENT Michael Bowman

Assuming that you don't own this and you are looking at where oil is and looking at the whole realm of oil companies out there, we don't really know where oil is going here. You don't want to buy something that has a lot of risks This is a good buy for the long-term. An ultraconservative way to play the oil market in these times, which are uneasy when it comes to oil.


Price:
$27.620
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH
Owned:
Unknown
2014-11-06 COMMENT Mason Granger

What has scared him from owning this is the rising cost structure of the Christina Lake and Foster Creek oil sands projects as they got into the later stages of their life spans. Steam/oil ratios have gone up. Third-quarter earnings came out and were a big beat on expectations, in spite of some down time. This was a modest positive for the story. He is most interested in seeing, in the coming quarters, what their plan is for their fee simple lands. He is looking for $3 billion of value to be realized in a transaction similar to Encana (ECA-T) spinning out of Prairie Sky royalties.


Price:
$28.040
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
No
2014-10-30 BUY Paul Harris, CFA

Sold his holdings. This is a well-run company. The last little fall has been really because of the price  of oil. Have some very good assets and thinks they will continue to do well.


Price:
$27.330
Subject:
NORTH AMERICAN/GLOBAL
Bias:
BULLISH
Owned:
No
2014-10-08 PAST TOP PICK Michael Sprung

(A Top Pick Oct 22/13. Down 5.81%.) Still likes this. It has a long-term production profile that is going to increase going forward. Extremely well managed and well financed. This would be a Buy at these levels.


Price:
$28.470
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-06 DON'T BUY Zachary Curry

Oil Sands producer. These companies can have really, really long lives. Once they get going, they produce. The question really is, getting going. There is a lot of cost inflation that could affect the company. Once they get the projects on stream, they tend to work and tend to be good producing long-life assets. They are affected by the price of oil, so the price of oil coming down makes the economics a little harder. Until you are very, very constructive on the price of oil, there are better producers out there that don’t have those long, long life assets, that don’t have the exposure to the price of oil.


Price:
$29.060
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2014-10-02 TOP PICK Ryan Bushell

A couple of bad years in terms of an oil sands asset to be developed over decades are okay.  They doubled production since being spun out of ECA-T.  The company is going in the right direction, but the stock price has not followed.  Their commitment to their dividend is superior.


Price:
$29.520
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2014-09-19 BUY on WEAKNESS Greg Newman

Thinks there is good long term value in this stock but their “steam to oil” ratio has been moving higher, which is not good. Expects this to peak in Q3 and fall to more normalized levels, which should help the stock. Ultimately he would be using weakness to be buying. Good balance sheet and debt to cash flow at about 1 times. Trades in line with its peers. Nice safe dividend.


Price:
$31.410
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2014-09-18 HOLD Barry Schwartz

Oil has come down, but take the exchange rate into account and these guys are going to make money.  Prefers CNQ-T and SU-T however.


Price:
$31.790
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2014-09-16 COMMENT Gavin Graham

Will it spin off its royalty assets? A number of companies have done so and the market is prepared to pay up. This company could do so. This has quite a good growth profile. He would prefer Suncor (SU-T) and Canadian Natural Resources (CNQ-T).


Price:
$33.460
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2014-09-09 COMMENT Christine Poole

This is more the oil side of the old Encana (ENC-T). Good company. Hasn’t done much because of the commodity price. She is getting a little more interested in Canadian Natural Resources (CNQ-T).


Price:
$33.490
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2014-09-04 PAST TOP PICK Douglas Kee

(A Top Pick Aug 15/13. Up 20.54%.) The catalyst for them was bringing production on. There was a bit of concern on their steam/oil ratio which spiked up, but has now flattened out. It will take a little while for it to go back down, but it is under control now. Getting great cash flow from their refinery on the joint venture.


Price:
$34.090
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2014-09-03 COMMENT Philippe Capelle

Thinks this stock was punished because of operational issues. There are higher costs at Foster Creek. Thinks this is going to recover. Likes the growth profile as well as the integration with the downstream.


Price:
$34.200
Subject:
CANADIAN LARGE (RESOURCE)
Bias:
BULLISH on ENERGY
Owned:
Yes
2014-08-26 TOP PICK Michael Sprung

We are going to see them going from about 270,000 barrels a day to over 300,000 in the next couple of years. They have a target of over 500,000 in 2020-2021. The growth profile is never guaranteed, but they have already identified projects where this could come to light. They have not really participated with the other oil companies in the energy boom. He sees earnings going well over $2-$2.20 in the next year or two. Yield of 3.13%.


Price:
$34.010
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
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