Cenovus Energy’s Promising Outlook: Buy Rating Backed by Strong Production and Strategic Initiatives
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Jefferies' Lloyd Byrne maintains a Buy rating on Cenovus Energy with a C$30.00 price target, citing strong production guidance and strategic initiatives. Key factors include oil sands production growth, the WWR project, MEG integration, and debt management. TD Cowen also supports a Buy rating with a C$29.00 target, reflecting confidence in Cenovus's future performance.
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