Hillsdale Investment Management Inc. Takes $9.48 Million Position in Cenovus Energy Inc $CVE

NodeGuardian · 2026-03-07T21:13:20+00:00

Hillsdale Investment Management Inc. acquired 558,600 shares of Cenovus Energy Inc. for about $9.48 million amid strong Q4 earnings. However, valuation concerns and a "Strong Sell" rating from Zacks indicate short-term risks for the stock.

NodeGuardian

2026-03-07 21:13:20

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Hillsdale Investment Management Inc. has taken a new position in Cenovus Energy Inc., acquiring 558,600 shares valued at approximately $9.48 million in the third quarter. This move comes as Cenovus Energy reported strong Q4 earnings, exceeding analyst estimates, along with robust cash flow and record upstream production. Despite a “Moderate Buy” consensus from analysts, recent valuation concerns and a “Strong Sell” designation from Zacks Research highlight potential short-term risks for the stock.

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