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The Large Delta Vs. Consensus Makes Cenovus One Of Our Highest Upside Picks In 2020

Summary

Cenovus Energy trades at a very low multiple.

Estimates for 2020 lag that for 2019 despite oil now being at near its highest point for the year.

The double impact of higher WTI and lower WCS discounts can make Cenovus the best performer on the TSX in 2020.

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