RE:RE:RE:RE:RE:RE:RE:RE:RE:Zacks says sell Cenovus... Although i had highlighted business practices in asia, i didn't say cve should sell their asian asset right away. China is shrew, cve need a sell strategy that reflect the principle of Sun Tzu. Of course i agree to keep it for now. Cve need to extract maximum value from china, china got the dough to do it. Of course, china would have their own strategy to get it from cve as well.
autofocus111 wrote: mrbb My bad yes it's Indonesia. And yes that is a corrupt jurisdiction no doubt. China has faced huge challenges in metals sector with that country, in particular related to nickel ore supplies as input to their stainless steel production. My point is that Asia has a strong energy demand outlook, so growth projects close to that market and with fixed price contracts I see that as benefiting CVE more than Eastern Canada offshore ops supplying into European markets. If CVE decides to dispose of both of these to concentrate production efforts in core AB and SK that absolutely makes sense. But if they're only going to sell one of the two, I'd want to see them keep the Asian ops.