RE:RE:RE:RE:CVE: Build Back BetterWhile IMHO, HSE was the better company, it was a smart move by LKS to SELL Husky. It didn't matter much that at that time it was the market "Bottom" because it was an ALL Share deal.... Both CVE and HSE shares "Bottomed"....
It was smart because, IMHO, the market wasn't liking HSE, and I think that had a lot to do with HSE having a Majority Shareholder, and that shareholder being Asian (Chinese).
Nuttall I believe once said he would NEVER buy HSE.
Now, with CVE/HSE ... it's probably one of Nuttall top holding.. Anyways, he's always flip floping so who knows if he's still holding CVE.
If I were him, I'll be looking to exit the north american market and put the capital to work in Asia. Too much BS here.
All just my opinion/view/thinking.
SHayden wrote: LKS never sold a single share of HSE or CVE and he has the majority of the warrents.
mrbb wrote:
if true, 40% ROR isn't bad for 6 month time.
LKS must be kicking himself for selling husky at the bottom. I hope he still kept the converted CVE shares and warrant for the ride
oilandgasmick wrote: WTI just hit 80 bucks and free cash flow for CVE should see us get down to the $10B debt target with relative ease.
Still a long way to go until the share price hits 20 bucks but I can see it coming in the first Q of 2021 if these prices hold up.