Higher cash flow on tap for Cenovus

CENOVUS ENERGY INC. $22 is a buy. Canada’s third-largest oil producer (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.8 billion; Market cap: $39.6 billion; Price-to-sales ratio: 0.7; Dividend yield 3.3%; TSINetwork Rating: Average; www.cenovus.com) expects to spend between $4.5 billion and $5.0 billion in 2024… Read More

Here’s a look at two new ETFs for Canadians

This month we highlight a natural resources ETF actively managed by a team with a strong track record. We also consider an ETF that invests in smaller U.S.-listed companies that are considered high-quality and pay regular dividends.
Mackenzie Core Resources ETF $20.97 (Toronto symbol MORE) invests mainly in the… Read More

Cenovus hits a key target

CENOVUS ENERGY, $22.57, is a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 1.8 billion; Market cap: $41.2 billion; TSINetwork Rating: Average; Dividend yield: 3.2%; www.cenovus.com) reported that its net debt (total debt less cash balances) fell to $4.0 billion in July 2024 from $5.06 billion… Read More

Cenovus hits its debt target

CENOVUS ENERGY INC. $24 is a buy. Canada’s third-largest oil producer (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares o/s: 1.9 billion; Market cap: $45.6 billion; Price-to-sales ratio: 0.8; Dividend yield 3.0%; TSINetwork Rating: Average; www.cenovus.com) reported that its net debt (total debt less cash balances) fell… Read More