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Stock impact report

Strong Buy: 1 Energy Stock Set for a Major Upswing in 2026 [Yahoo! Finance Canada]

Cenovus Energy Inc (CVE) 
Last cenovus energy inc earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: cenovus.com/disclaimerir
Canadian investors should pay close attention to the TSX's energy sector as year-end approaches. It has gained 16% in the last six months and the momentum should carry over into 2026. A strong buy among the sector heavyweights is Cenovus Energy TSX:CVE The large-cap CVE (+40%) has outperformed the sector and the broader market (+21%) during the same period. This $44.6 billion company will soon be Canada's second-largest oil and gas producer after emerging victorious in an intense bidding war. Industry experts think the five-month-long battle has reshaped the country's oil patch. On November 6, 2025, MEG Energy shareholders approved Cenovus Energy's proposed takeover. The transaction is worth $8.6 billion. Market analysts' recommendations are “buy” to “strong buy” following the approved merger. Many of them raised their price targets. As of this writing, CVE trades at $25.40 per share and pays a 3.1% dividend. The 12-month high price target is $32 (+26%). A $6,985 investment (27 Show less Read more
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