RE:RE:RE:RE:RE:WTI Society is now in a permanent state of crisis but that won't stop CVE going forward.
You notice that even on a bad day like this investors are buying the dip to take advantage of a very good price and it starts to climb back up to where it was before the inevitable morning sell-off from the chicken littles.
It's ironic that even in a week when you announce an $800M sale that your share price actually dips as much as what we have seen-- but again that doesn't change the fact that the underinvestment in the global energy industry will result in a serious oil and gas shortage so that's why smart investors simply buy and hold. We won't be hitting 30 bucks anytime soon but it will happen. Society is not shutting down again--so those who are cheering about some drmatic implosion in demand are going to be very disappointed and that includes silly shills for the CCP.
I don't know how much of the $800M will be used to reduce debt but assuming that the lion's share will be going in that direction then we should be at the $8B net debt target by the end of 1st quarter 2022.
If so then that's a 40% reduction in net debt in a 12 month period--a remarkable ahievement.