Is Cenovus Energy (CVE) One of the Best Large Cap Stocks to Buy Under $20?

Group 1 - Cenovus Energy Inc. is considered one of the best large-cap stocks to buy under $20, with a current Buy rating and price targets set by analysts at C$28.00 and C$32.00 [1][2] - The recent upgrade by Raymond James reflects the inclusion of the MEG acquisition in Cenovus's financial model, indicating a strong risk-adjusted return potential [2] - Cenovus Energy has announced an Amended Agreement to acquire MEG Energy Corp, which increases the aggregate purchase price compared to the original agreement [2] Group 2 - Cenovus Energy operates in the development, production, refining, transportation, and marketing of crude oil, natural gas, and refined petroleum products across Canada, the US, and China [3]