J.P. Morgan upgrades Cenovus (CVE) to Overweight, citing its attractive production growth...

|About: Cenovus Energy, Inc. (CVE)|By:, SA News Editor

J.P. Morgan upgrades Cenovus (CVE) to Overweight, citing its attractive production growth profile due to development of large-scale oil sands and heavy oil resources, while cutting Nexen (NXY) to Neutral based on limited upside as the Cnooc takeover closes. Suncor (SU) remains the firm's favorite Canadian integrated energy, citing the potential to generate at least $2B/year in free cash flow.