RE:RE:Oil marching to $100….Interesting that oil inventory numbers include condy now as it is usually not consumed but removed and shipped back to aid future heavy crude shipments. Someone has mentioned before that a certain amount of that recycling of condy may end with the opening of TMX and shipping it back from overseas may not be cost effective so we can not only expect a narrowing in the spread of WCS to WTI when TMX opens but also a rise in condy prices too.
Not really thinking of cashing in now with CVE just hitting its stride in terms of refinery and balance sheet optimization at a time when commodity pricing is strong enough to allow for very meaningful shareholder returns when that debt target is hit.
Assuming JM sticks to the game plan then when CVE hits its debt target it should be buying back even more shares with a sub $30 share price which should not last long as that will drive the share price higher. Higher than $30 share prices should see a transistion into an increased regular dividend as well as special dividends allotted in the same way that TOU issues theirs. At that time it will become a case of dividend return percentage versus share price accretion and overall ROI metrics that will determine shareholder confidence (especially mine) as always.
GLTY and all
parcheg wrote: Note that the metric to meaure bbls oil inventory now includes condy so not apples to apples re: growth in inventory.compared to previous reortings...
Any board members thinking of cashing in? if not what do you think will haapen when CVE {relatively soon} reaches its debt target?