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Holly LaFon
Holly LaFon
Articles (6299) 

Tweedy Browne Comments on Cenovus

October 21, 2013 | About:

We also added Cenovus (NYSE: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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