RE:RE:A comment copied from the Calgary HeraldWell, sir I pray to God you are right. I was raised in NDP BC, and worked in Forrestry in NDP BC. I moved to Alberta, and as ugly as it is in comparison, it's been great. All things considered, the PC's should have been thrown in jail for what they did.
Investment wise, it has changed my investment horizon 10 fold. Sold my Chevron and increased my holdings in VET AND, expecting it to go down, focus on chasing CVE some more. As has been mentioned, they pay little in the way of royalty. With their balance sheet sufficiently propped up they will survive long term and while others slow production, CVE should be able to lock in cheaper rail rates going forward. (please note this is my hope, and I have nothing to back it up,,,yet) They also have a less visible impact on the land itself. And they have a lot of land.
I think if you want to be in the space, it's the cheapest of the bunch, with a management protected dividend. And they have growth going forward. They are also the best leveraged against NDP policies ie no big hole in the ground, not sour, and they use their gas to bring up oil instead of just flaring it off. Not to mention they do that CO2 sequestration process, which looks really good on paper and IN the papers. They also don't have to build anymore roads, which is a big deal with environmentalists in the Fort Mac area. And finally, there is a bit of an investment floor on it with the recent money raise.
They are very very good at what they do. They are very familiar with their resevoir. And they have a lot of resevoir.
This is not a get rich quick stock, but it provides (imo) a nice long term oil hold that DRIPS really well right now and, if oil goes to 90 in the next few years, well you have a near double possibly.
I think it goes down for a while yet. With that super 3% drip discount in the near term, I hope so. But in a couple years, after the NDP get booted (God I hope they don't screw it up, too bad!) I think you'll come out smelling not to bad.
BWB