- Cenovus is a top-tier oil sands producers which just announced first oil at Foster Creek phase F.
- The company has a strategic upstream partnership with ConocoPhillips and a 50/50 JV in two refineries with operator Phillips 66.
- The company's little known and under-appreciated natural gas business is a cash cow.
- The company is very appealing after a sharp sell-off took the stock from $32.50 to $28. The forward yield is 3.8%.