My guessI beliebe the SP is being held down, its being cross traded from one fund to the other to keep the price where it is now, there is no way the average shareholder is selling at this price wtih earnings around the corner and the price of oil up like it is, there is no chance that is happening.
This automatically tells me its a cross trade for manipulatiom purposes.
Things I do know foresure are, Cenovus production has been capped due to pipeling restrictions, Cenovus has massive potential at full capacity, The SP of Coenus at these levels is so controlled and manipulated its imbarassing, Its a true reflection of how corrupt the stock market it is, Im not complaining, just stating the obvuios, I have been playing the markets for over 20 years and am well aware that this is not a place to put money unless you can afford to lose it, and watching CVE at the monent just confirms that,
I believe we pop on earnings,
I would love to think Suncor is a potential take over, but its not going to happen.
Suncor has just gone through a massive infastrucrure accumultation with building Forthills which turned into a major headache for them, they just bought out COS from the project, Cenouvs has not been able to prove full production capacity for a while now due to restrictions, and there is not a hope in you know what that Cenovus would entertain a take over anywhere close to the current SP, Id be surprosed if they would look at 20.00 a share.
Im throwing out my guess, I have very close friends that work for Cenovus and Suncor in operations, I as well am in the industry, so have a general idea of the day to day operations of their plants.
That being said no one really knows what goes on behind the scenes.
I am heavily invested in Cenovus at and firmly believe at these levels this is a license to print money.
My opinion only