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Enter Symbol:
 
Cenovus Energy Inc (ADR) (CVE) [hlAlert]

Rating:
Outperform
CVE
down 53.01 %

Cenovus Energy Inc (ADR) (CVE) rated Outperform by Raymond James

Posted on: Tuesday,  Dec 3, 2013  8:25 AM ET by Raymond James

Raymond James rated Outperform Cenovus Energy Inc (ADR) (NYSE: CVE) on 12/03/2013, when the stock price was $29.16.
Since then, Cenovus Energy Inc (ADR) has lost 53.02% as of 10/29/2015's recent price of $13.70.
If you would have followed this Raymond James's recommendation on CVE, you would have lost 53.01% of your investment in 695 days.

Cenovus Energy Inc. (Cenovus) is an integrated oil company. The Company?s operations include enhanced oil recovery (EOR) properties and established crude oil and natural gas production in Alberta and Saskatchewan. It also has ownership interests in two refineries in Illinois and Texas, United States. The Company operates in two operating divisions: Integrated Oil and Canadian Plains. Integrated Oil Division includes all the assets within the upstream and downstream integrated oil business with its joint venture partner, as well as bitumen interests and the Athabasca natural gas assets. The division has assets in both Canada and the United States, including two EOR properties: Foster Creek and Christina Lake, as well as two refineries, including Wood River and Borger. Canadian Plains Division contains crude oil and natural gas development assets in Alberta and Saskatchewan and includes two EOR properties: Weyburn and Pelican Lake, as well as the Southern Alberta oil and gas properties.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/3/2013 8:25 AM Buy
None
29.16
as of 12/13/2013
1 Week down  -3.62 %
1 Month down  -3.39 %
3 Months   
1 YTD down  -3.39 %

(*) Stock Price at the time of the recommendation.
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