Cenovus Energy: Top 10 Undervalued Large Cap Stocks on TSX (CVE)

Cenovus Energy is now ranked among the top 10 large cap stocks on the Toronto Stock Exchange. A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company. Valuation methodology provided by Stockcalc (see below). Large caps total market capitalization (10-200B).

All data provided as-at market close January 19, 2023. The list is sorted by stocks with the greatest percentage difference between valuation and price. Cenovus Energy Cenovus Energy Inc is engaged in developing, producing and marketing crude oil, natural gas liquids and natural gas in Canada with marketing activities and refining operations in the United States. Cenovus Energy is listed under CVE on the Toronto Stock Exchange.

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Stocks in this category are held primarily for capital appreciation. Nano, micro, and small cap stocks can be very volatile and may generate high returns or losses. Whereas mid and large cap stocks tend to be more stable.

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