CENOVUS ENERGY INC.
In the published model solve dated 2026-Q2, anchored at $32.37, CENOVUS ENERGY INC. (CVE) is priced for +17.1% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• The United States is the largest revenue line at about 50%, marginally ahead of Canada at 48% with China supplying the remaining 2%, which is an unusual shape for a company most investors file under Canadian oil sands. • What today's price assumes is roughly 16.3% annual growth in operating profit sustained for five years, and the difficulty is the duration rather than the rate: only about 49% of comparable fast growers held that pace for five years. • Second-quarter results arrive with a conf
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448 institutional managers reported holding CVE in 13F filings for the quarter ended 2026-03-31. Together they hold about 54% of the company; the top 10 hold 27%. 89 opened new positions that quarter. Held by Capital Group (American Funds), Vanguard Group, FMR (Fidelity), among others. On the short side, 47.0M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (5.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CVE has cut its share count 11.3% over the past five years. It pays a dividend, and has for 2 years running. Cash returned over the past three years: $1.05B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.