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The fourth-quarter Brent price deck remains at $75/bbl, in line with quarter-to-date levels and the strip, while the 2025 price deck stays at $70/bbl, consistent with J.P. Morgan’s outlook.
The average of price targets set by Wall Street analysts indicates a potential upside of 28.9% in Cenovus (CVE). ... trend in earnings estimate revisions might translate into an upside in the stock.
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Cenovus Energy Inc. (pronounced se-nō-vus) is a Canadian integrated oil and natural gas company headquartered in Calgary, Alberta. Its offices are located at Brookfield Place , having completed a move from the neighbouring Bow in 2019.
The stock of Cenovus Energy (NYSE:CVE, 30-year Financials) appears to be fairly valued, according to GuruFocus Value calculation.
Stronger oil prices saw the Calgary-based integrated oil and gas producer swing to a $1.6 billion profit in the first quarter of 2022.
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