RE:RE:Cenovus CEO optimistic about upsideRead my post suckers. I called $14.00 as my low, it almost got there at $14.21 today. Depending on what happens tomorrow, because tomorrow is "Get ready to unload risk day" for anyone knowing what happens on long weekends. You remove risk incase someone farts on the weekend. Don't cha love the Canadian Joke Exchange? No wonder everyone is putting their money into MJ stocks. It all goes up in Smoke,,, Remember Cheech and Chong. Well that's the board of directors running this s**t show these days. All in my opinon of course. F**K I would had smoked one after the bought deal financing as well sinice new pigeons were found by our great Canadian Bank institutions,,, oh I forgot the pigeons are us with our RRSP plans going nowhere in 10 years now. Serously you know it's true.
Always something to think about that maybe ruin Tuesday or cause a run up,,, how lucky do you feel suckers? I can hardly wait to re-enter at $14 bucks, why not these MM always find a way to run it up again.
I'll wait til Tuesday,, Long live the Vulture Sucker Index in Canada.
Once again,, all in my personal opionion of course,,, and please do your own DD, don't take this board for any Professional Investment advice,,, don't listen to me,,, I am not even really here,,, actually nevermind,,, learn the hard way.
VultureIndex
onec007 wrote:
I bought my first 2K lot at $14.70 and added another 1K at $14.25 today... I changed my tune on CVE. Initially i was bearish on the stock and the deal, but four factors changed my outlook:
1. CEO's recent stock acquisition in the $15ish mark worth over $100K
2. CEO's bullish comments about the deal (synergies, cashflow)
3. I believe, CVE will get a favourable, price for the assets that they plan to divest which will help will the finance
4. OPEC to extend cuts
The market is skiddish about the purchase price and certainly with merits, but I feel that they are underestimating the potential here. If oil continue to move upwards to $60 this will help relieve some stress