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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (108216)	6/5/2021 4:30:26 PM
From: Goose94	Read Replies (1) \| Respond to of 202843

Cenovus Energy (CVE-T) new 52 week high, $11.46

To: Goose94 who wrote (108216)	9/24/2021 1:34:47 PM
From: Goose94	Read Replies (1) \| Respond to of 202843

Cenovus Energy (CVE-T) revisited 3.0 Eric Nuttall on BNN.ca Market Call Friday Sept 24th @ 1200ET Within spitting distance of its interim $10BN leverage goal Cenovus is months away from being able to implement a sizeable base dividend increase and more importantly a meaningful (10 per cent or more) share buyback program given its depressed valuation (3.7x EV/CF and 27 per cent free cashflow yield). The CEO recently told me “there is no investment I can make that is remotely as attractive as buying back our own shares.” My target is $23/share at $70WTI equating to 87 per cent upside and Cenovus is my highest conviction short-term tactical call while offering meaningful upside potential should oil rally further in the coming year.