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Stock impact report

Cenovus Energy (CVE) Downgraded by Veritas Days after Bullish Call from BMO [Yahoo! Finance]

Cenovus Energy Inc (CVE) 
Last cenovus energy inc earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: cenovus.com/disclaimerir
Company Research Source: Yahoo! Finance
Cenovus Energy Inc. (NYSE: CVE ) is included among the 13 Best March Dividend Stocks to Buy Cenovus Energy (CVE) Downgraded by Veritas Days after Bullish Call from BMO On February 24, Veritas downgraded Cenovus Energy Inc. (NYSE:CVE) to Sell from Reduce. The firm set a price target of C$27. Just a few days earlier, on February 20, BMO Capital analyst Randy Ollenberger raised his price recommendation on the stock to C$35 from C$29. The analyst kept an Outperform rating. The mixed analyst views reflect different expectations around the company's outlook and valuation. On February 19, Cenovus said it had begun drilling new wells at its Christina Lake oil sands site in northern Alberta. This asset was previously owned by MEG Energy. The company expects the new drilling activity to lift production this year and again in 2027. Cenovus acquired MEG Energy last year after a lengthy takeover battle with Strathcona Resources. The acquisition added about 100,000 barrels per day to Cenovus Show less Read more
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