RE:RBCCVE' business model just isn't understood well enough by the market in my opinion. Even when oil prices fall somehat, CVE should be able to capture at least some of the spread sending this cheaper oil to their own refineries and providing VALUE added products out the door as long as demand is there... Just have to wait for this extended period to get year-end results followed soon-after by Q1 results.
Meanwhile, the big elephant in the room is WHEN CAN CVE GET TO THIS $4 BILL. DEBT THRESHOLD TO START PAYING OUT 100% FCF??? dwdc