Cenovus Energy Inc. (CVE) is a top Canadian stock. National Bank raised its price target to C$29 on September 10, despite Q2 production dipping to 765,900 BOE/d due to maintenance and wildfires. The company generated $2.4 billion in cash from operations, $1.5 billion in adjusted funds flow, and $355 million in free funds flow in Q2. Net earnings were $851 million.
Cenovus Energy Inc. (NYSE:CVE) operates in Canada, the US, and China, developing, producing, refining, transporting, and marketing oil, gas, and petroleum products. While CVE has investment potential, certain AI stocks may offer greater upside with less risk. A free report on the best short-term AI stock is available for those interested.
Disclosure: None. Original article published on Insider Monkey.
Read more at Yahoo Finance: National Bank Raises Cenovus Energy (CVE) PT to C$29 Despite Q2 Production Dip from Maintenance, Wildfires
