Cenovus Energy
About: Cenovus Energy Inc is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.
Employees: 7,150
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
29% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 45
21% more repeat investments, than reductions
Existing positions increased: 153 | Existing positions reduced: 126
3% more funds holding
Funds holding: 388 [Q1] → 398 (+10) [Q2]
0.13% less ownership
Funds ownership: 48.96% [Q1] → 48.84% (-0.13%) [Q2]
3% less capital invested
Capital invested by funds: $12.5B [Q1] → $12.1B (-$393M) [Q2]
7% less call options, than puts
Call options by funds: $251M | Put options by funds: $269M
30% less funds holding in top 10
Funds holding in top 10: 10 [Q1] → 7 (-3) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
|
RBC Capital
Greg Pardy
|
$26
|
Outperform
Maintained
|
1 Aug 2025 |
Financial journalist opinion
Based on 12 articles about CVE published over the past 30 days
