RE:Some thoughts on CVE There is rumours they are making a killing in the refinery side of things right now. Coupled with with cash from some of the recent sales which will be realized in Q1 + increased oil price. Q1 results is gonna be a blowout. I have April and May call options 2022, and Jan 2023.
I would have liked to see a dividend increase , more so as a reinforcement of positivity.
I hope they don't start over hedging and being too conservative.
looking at the crude inventories and supply demand issues, it's gonna 250+ a barrel, before it settles somewhere around 150.
Anyone unhedged gonna be the stars this year. Check out RZE and JOY too for more upside exposure.