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Tweedy Browne Comments on Cenovus

October 21, 2013 | About:
Holly LaFon

Holly LaFon

255 followers
We also added Cenovus (CVE) to the Worldwide High Dividend portfolio during the quarter. This Canadian oilsands operator has a strong production growth profile with low cost in situ oilsands reserves. At purchase, Cenovus was trading at a substantial discount from our estimate of intrinsic value and was paying a dividend yield of 3.2%.

From Tweedy Browne's third quarter 2013 commentary.

Rating: 5.0/5 (2 votes)

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