RE:RE:RE:18 per cent of ev buyers???I think White Rose has been written down HUGE already, maybe multiple times. Just before the "merger" Husky took a HUGE writedown on White Rose I believe.
Over the past few years companies in this sector took MASSIVE Writedowns already....
I think Writedowns are over.
WriteUPS maybe in order instead!!! with oil prices rising!
All just my opinion/view/thinking.
Wynjoe wrote:
undervalued temporarily for a couple of reasons...first is the overhanging Conoco shares....then our Ceo alex already said there is going to be a few bumps in the takeover of Husky,(this may or may not refer to compensation packages that has to be paid to laid off workers associated with the deal?),....write downs regarding White Rose,(i dont think they have taken these,unlike Suncor has done with its stake in the project),...and the overall feelings regarding the carbon tax,and oilsands in general,however,if we had a more supportive federal goverment we would be valued at more then twice where we already are,but Cenovus is still a money making machine below these oil prices,never mind where we are now,HUGE SPIKE COMING!!!!!