RE:RE:Some thoughts on CVECrack spreads are up $10 or 33% since December. March spread is just over $30. I was told when they took over Husky that Cenovus advantage is they can supply their refinery business whereas Husky had to buy feed stock at market. Will be interesting to see Q1 refinery margins.
ChickenLittle13 wrote: 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.