Q: I want to sell TVE at a loss and looking for a better alternative. I already own CNQ and TOU. Can CVE be a better alternative for a tax loss selling of TVE.
5i Research Answer:
CVE is a $45B company trading at a low valuation, with a 2.2% dividend. Its balance sheet is fine and decent growth is expected in 2024. While it is very different than TVE in size and focus, we would be comfortable buying it.