CVE Trades Near 52-Week High: Should Investors Still Buy the Stock?

Key Takeaways CVE is approaching a 52-week high, backed by strong operations and steady production growth.A portfolio of sanctioned projects supports production of 1M BOE/d by 2027-2028 without new approvals.The MEG Energy deal adds 100 Mbbls/d and is expected to deliver $400M in synergies by 2028.Cenovus Energy Inc. (CVE) is closing in on its 52-week high of $18.75, finishing the most recent session at $17.68. While the stock’s steady rise has coincided with recent upward movement in commodity prices, the ...