National Bank Raises Cenovus Energy (CVE) PT to C$29 Despite Q2 Production Dip from Maintenance, Wildfires

Cenovus Energy Inc. (NYSE:CVE) is one of the best Canadian stocks to buy now. On September 10, National Bank raised the firm’s price target on Cenovus Energy to C$29 from C$28, while keeping an Outperform rating on the shares. Prior to this sentiment, the company had already reported that its upstream production totaled 765,900 barrels of oil equivalent per day (BOE/d) in Q2 2025. This was a year-over-year decrease from 818,900 BOE/d due to planned maintenance turnarounds at the Foster Creek and Sunrise o ...