Should You Buy Cenovus Energy While It’s Below $20?

News Snapshot:

Cenovus is up more than 25% from its April low. Are more gains on the way? Cenovus Energy (TSX:CVE) picked up a new tailwind in the past two months. Investors who missed the bounce are wondering if CVE stock is still undervalued and good to buy for a self-directed Tax-Free Savings Account or Registered Retirement Savings Plan (RRSP) portfolio focused on contrarian picks. Cenovus share price Cenovus trades near $19 per share at the time of writing. The stock was as low as $15 two months ago, but is still way off the $28 it fetched last summer. Weak oil...