RE:Cenovus has one of the Smartest CEO in the entire PatchCVE reports on Wednesday and were the only green in a sea of red on Friday.
With their debt position down to their target levels regardless of buying out their hedging contracts are they in a position to make a play here?
It seems to me ARX might be too big for them to swallow and a merge is pointless CVE is giving its shreholders back less than ARX is.
After this ER we will see who is giving what to who and who has the best management.
GLTA Longs