RE:RE:RE:RE:USD 5 Billion PRELIMINARY SHORT FORM BASE SHELF PROSPECTUSCenovus is one of the very few in Canada's energy sector that is not plagued with idiotic management.
I'm long CVE for this reason.
My shares have been rewarded by outperforming peers.
Increasing the dividend will be an idiotic thing to do. I don't believe this management team will do that and therefore I expect these shares to continue to outperform.
The PRELIMINARY PROSPECTUS, I believe, is to take advantage of opportunities should oil drop into the $40's.
This continues to be one of the best long term stocks in Canada's energy sector exactly because the company doesn't waste its cash flow on dividend and instead uses that CF to build value in the shares.
OilPro3001 wrote: It’s probably giving themselves the flexibility to repurchase shares if market conditions warrant it as CNQ and SU have done recently.
I suspect we’ll see a 25% dividend increase announced at the Investor Conference in October so that should also be a nice bump.