RE:Positive view of CVEYes, it is a very positive view of CVE. I don't understand the metrics of the McDep ratio, nor am I clear on the specifcs of the "present value", What it does mention in the fine print is that the "present value" presumes a long term crude price of 90$.
Now, I am long CVE, at a price of a few pennies over 20 bucks. But I feel that betting on the price of oil being 90.00 (and putting it in fine print no less) is a bit aggressive. Nor do they state the metrics of 90.00 oil as it relates to currency, nor does it compare and discuss the long term variances of the future differential, beyond 2016. Also not discussed is the possibly huge cuts in production that could occur because of the fires.
I am in CVE for many reasons. But also not discussed is the longterm safety of the play relative to geopolitical shifts.
All things mentioned are negative in nature. I expect the price to drop in the near term as a result of some if not all of these factors. I also expect to buy more.
GLTA
BWB