Cenovus Energy Inc. (CVE)

Cenovus Energy Inc. (CVE $24.33)
- $24.33 P/E (TTM): 16.47X Cap: $42.54B
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Canadian Natural Resources Limited (CNQ $44.11)
- $44.11 P/E (TTM): 11.42X Cap: $92.82B
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Cenovus Energy Inc. (CVE $24.33)
- $24.33 P/E (TTM): 16.47X Cap: $42.54B
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MEG Energy Corp. (MEG $30.08)
- $30.08 P/E (TTM): 6.59X Cap: $7.56B
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Tourmaline Oil Corp Subscription Rcpt (TOUR)
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Enbridge Inc. 5.50% Cumulative Redeemable Preferred Shares Series A (ENB.PR.A $25.22)
- $25.22 P/E (TTM): 22.99X Cap: $143.46B
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Q: What are your thoughts on the current offer for Meg Energy presuming it goes through. If we keep Cenovus stock we would have a half position.

We also own an almost full position in CNQ and TOUR. Have a full position in ENB. Those last 3 are about 5% of our portfolios.

I'm mostly looking at this as providing me with more cash but might hold the half position of Cenovus if the future is bright. (I know you don't have a crystal ball!)

Would you keep the half position of Cenovus or instead sell Cenovus and use the cash to add more to TOUR or CNQ?

We're retired, conservative investors.

Read Answer Asked by Tulio on October 20, 2025

Cenovus Energy Inc. (CVE $24.33)
- $24.33 P/E (TTM): 16.47X Cap: $42.54B
- View CVE Profile
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Q: Peter; What do you make of the CVE announcement on acquiring a 8.5% stake in MEG? Is their takeover bid dead now ? Thanks.
Rod

Read Answer Asked by Rodney on October 14, 2025

Cenovus Energy Inc. (CVE $24.33)
- $24.33 P/E (TTM): 16.47X Cap: $42.54B
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Shopify Inc. Class A Subordinate Voting Shares (SHOP $215.72)
- $215.72 P/E (TTM): 92.45X Cap: $286.71B
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Propel Holdings Inc. (PRL $21.13)
- $21.13 P/E (TTM): 10.42X Cap: $853M
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Lumine Group Inc. (LMN $28.43)
- $28.43 P/E (TTM): 112.17X Cap: $7.25B
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Q: Hi, after holding CVE for awhile and being under water, I'm finally nearly breaking even. After the new MEG deal, I wonder what people might think about selling it to get into other 'growthier' stocks long-term (like SHOP, LMN, PRL, for example, but open to other ideas as well).
Thank you!

Read Answer Asked by GeeMac on August 26, 2025