Cenovus Energy

CVE

Market cap $51.5B

The second quarter was a six-year best for U.S. stocks — here are the three sectors poised to lead the next leg higher.

CVE's 85% rally, MEG Energy synergies, low-cost oil sand assets and integrated refining network are strengthening its long-term growth case.

CVE and PARR look undervalued as energy stocks rally, with Middle East tensions supporting oil prices and sector gains.

CVE climbed 3.5% as higher crude prices and strong first-quarter results boosted confidence, with improving margins and growth plans reinforcing optimism.

BP optimizes its upstream portfolio by selling the Bay du Nord stake, sharpening capital allocation while focusing on higher-value investments.

CVE's refining and pipeline network gives it an edge in a lower oil price environment, helping cushion upstream pressure and support margins.

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

CVE, FIVN, PAGS, ERO and PARR stand out with attractive EV-to-EBITDA ratios and strong earnings outlooks.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

LIEN, DK, ALH, CVE and LEGH have been added to the Zacks Rank #1 (Strong Buy) List on July 1, 2026.