Cenovus Energy Inc T.CVE

Eric's Top Pick today

[jleer42]

He sees the debt target hit in January, with a 50% upside at the current share price.

[Quintessential1]

Wow thats a pretty optimistic viewpoint from Eric but even if he is only half right that would mean the debt target would be hit by March/April at a $35 CAD share price triggering 100% shareholder returns. That would make buybacks still a pretty good deal under $30 CAD right now (especially without the upcoming 2% buyback tax) and the warrants repurchase was an outright steal.   I am

[Cobalt]

8.5% to all time highs then there is no resistance all blue skys , CNQ went on a 120% run after taking out all resistance cheers 

[PabloLafortune]

Those who bought in 2020 can't afford to sell (taxes). But its actually been an underperformer recently - YTD +13% vs SU +13, CNQ +23, IMO +32 and MEG +50 (a little better on 1 year chart). Why? Poor refining results - consumes too much capex and capital (and management time probably).  They actually bought more refining assets while being net sellers of upstream assets.

[meritmat]

Having captial gains is not a bad thing..........

[ztransforms173]

PabloLafortune - (10/1/2023 2:03:19 PM)   RE:Eric's Top Pick today   Those who bought in 2020 can't afford to sell (taxes). - LOL ! * capital GAINS are TAXED at 50% {in Canada} * EVEN with the ALTERNATIVE MINIMUM TAX, your EFFECTIVE TAX RATE is MAYBE 22 to 28% (depending on your total taxable income and province ?) - the REFINNG SEGMENTS (both US and Canada) will

[MigraineCall]

Combined Alberta and Federal Income Tax Rates: