cenovus energy

CENOVUS ENERGY INC. $38 is a buy. The shares of this leading oil producer (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.8 billion; Market cap: $68.4 billion; Price-to-sales ratio: 1.4; Dividend yield 2.3%; TSINetwork Rating: Average; www.cenovus.com) have declined 12% from their recent peak of $43 in May 2026. That’s due to the June drop in crude oil prices as the flow of oil through the Persian Gulf improved with a tentative end to Iran war. Fighting has since resumed.

However, Cenovus also operates four oil refineries in Canada (1) and the U.S. (3). These facilities benefit from lower crude prices, which helps offset the negative impact on drilling operations.

Cenovus, like most oil producers, moved up in response to the initial U.S. and Israeli attacks on Iran; it has edged down and up as uncertainty over passage through the Strait of Hormuz continues. While a permanent end to the war should have a more lasting impact on oil prices, Cenovus and other oil giants are likely to see their share prices continue to rise in the mid- to long term.

Regardless, the outlook for Cenovus is bright.

Cenovus, like most oil producers, moved up in response to the initial U.S. and Israeli attacks on Iran; it has edged down and up as uncertainty over passage through the Strait of Hormuz continues. While a permanent end to the war should have a more lasting impact on oil prices, Cenovus and other oil giants are likely to see their share prices continue to rise in the mid- to long term.

Regardless, the outlook for Cenovus is bright.

CENOVUS ENERGY INC. $39 is set for a 16% jump in production for 2026 thanks to its $4.99-billion purchase of rival oil sands producer MEG Energy Corp. (formerly Toronto symbol MEG) in November 2025.

The additional assets should also lift Cenovus’s cash flow by a whopping 55% to $7.63 a share. The oil giant’s shares currently trade at just 5.1 times that forecast, and the higher cash flow has prompted the company to raise your dividend by 10.0% to $0.88; it now yields 2.3%.

A holding company discount represents a great hidden opportunity for investor profit despite limited understanding of this phenomenon.

COLLIERS INTERNATIONAL GROUP INC. $149 is a buy for aggressive investors. This company (Toronto symbol CIGI; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 50.8 million; Market cap: $7.6 billion; Price-to-sales ratio: 1.0; Dividend yield: 0.3%; TSINetwork Rating: Extra Risk; www.colliers.com) offers a range of services, including helping clients buy and sell commercial real estate, maintain their facilities, arrange financing, and assess properties for tax purposes.


Colliers spent $262.2 million on acquisitions in 2025 (all amounts except share price and market cap in U.S. dollars).

CENOVUS ENERGY, $27.69, is a buy for long-term gains. Canada’s third-largest oil producer (Toronto symbol CVE; Shares outstanding: 1.9 billion; Market cap: $50.2 billion; TSINetwork Rating: Average; Dividend yield: 2.9%; www.cenovus.com) is reportedly considering the sale of its conventional oil and gas properties in the Deep Basin region of Alberta. Those assets could be worth $3 billion.

The shares of oil and gas stocks remain high as energy demand stays strong. Still, to cut risk, stick with producers that have positive cash flow even in times of low energy prices. Here are two that should meet that requirement. Moreover, they pay solid dividends.


CENOVUS ENERGY, $19.39, is a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 1.8 billion; Market cap: $35.2 billion; TSINetwork Rating: Average; Dividend yield: 4.1%; cenovus.com) is now Canada’s third-largest producer of oil and natural gas after Canadian Natural Resources and Suncor....

Top pick Cenovus Energy Inc. is trading cheaply and offering a high 4.3% yield as production rises and new projects will drive growth even higher this year.