Cenovus Energy Inc T.CVE.WT

Oil marching to $100….

[Paray99]

Oil start proving now....
Yesterday's U.S. inventory showing 10+M barrel buildup should be fake!
Markets might have realized that... so the big 5% jump right after!
Now marching to $100 ... probably to hit next week ....

[parcheg]

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?

[Quintessential1]

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