Cenovus Energy Inc T.CVE

Oversold

[retiredcf]

There are 8 stocks with attractive RSIs below the buy signal, all from the commodity complex. The five most oversold companies are, in order, SSR Mining Inc. (SSRM-T), Birchcliff Energy Ltd. (BIR-T), Enerplus Corp. (ERF-T), Cenovus Energy Inc. (CVE-T) and Fortuna Silver Mines Inc. (FVI-T)

[downwithdotcom1]

wow...oil is up near 3% today alone, BRENT has crossed $80 and yet some of the oils including CVE are bouncing off YEAR LOWS..this is clearly the paper traders at work - need Q4 results including where we are getting to this 100% FCF debt threshold to re-ignite this stock and maybe burn these short positions at the same time. dwdc

[mrbb]

finally oil price is catching up on middle east risk premium.  I was kinda puzzled earlier on why oil traders aren't placing any disruption premium given the area conflict around yemen, syria, red sea, iran, gaza, unkraine, etc  However, the market seem to be slow to accept these supply risk while fear of recession still overhanging    mrbb I view oil price projection from

[mrbb]

World oil prices risen due to issues in U.S. and Russian Federation World oil prices risen due to issues in U.S. and Russian Federation (msn.com) now brent oil cracked $80

[downwithdotcom1]

key word is the oil PRICE not yet the oil STOCKS..Cenovus bounced off of a 1 year low just today...dwdc

[downwithdotcom1]

confirmation that the PAPER traders are in charge and it has NOTHING to do with the current physical DEMAND/SUPPLY picture or even how well/bad  an individual company is doing...dwdc Traders are selling WTI crude in anticipation of higher U.S. production later this year. "Hedge funds and other institutional traders sold the equivalent of 24 million barrels of U.S. crude in the