Dino's Bar & Grill Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Goose94 who wrote (139539)	2/24/2023 2:59:05 PM
From: Goose94	Read Replies (1) of 202922

Cenovus Energy (CVE-T) top pick from Eric Nuttall on BNN.ca Market Call Friday February 24th @ 1200ET Cenovus trades at a material discount to its U.S. peers, somewhat owing to several non-operated downstream issues over the past year. The new chief executive officer, Jon McKenzie, is laser focused on improving downstream reliability while driving debt down to $4 billion to allow them to return 100 per cent of free cash flow to investors, which we see by the third quarter of 2023. It is trading at a 14 per cent/21 per cent free cash flow yield this year and 20 per cent/29 per cent in 2024 at US$80/US$100WTI. We salivate thinking of the coming buybacks and variable dividends which should drive a re-rating to 6X cash flow = 135 per cent potential upside at US$100WTI.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next