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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hello,

Can I get your thoughts on Cenovus? Looking to enter for a 3-5year hold.

Thanks.

Asked by Satish on September 26, 2024

5i Research Answer:

We consider CVE a decent, though maybe not overly exciting, large cap energy name. It is very cheap at 8X earnings, and offers a nice (and growing dividend). The balance sheet is very strong and it continues to reduce its share count, with it having close to 400 million less shares than it had five years ago. All this 'sounds' good, but it essentially describes most of the Canadian sector these days. We would certainly be comfortable owning it.

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