RE:RE:RE:Am I Reading This Correctly Oil stocks and Cenovus especially are some of the most undervalued stocks out there. The valuations make zero sense, nor do these analysts price targets. Complete utter stupidity when you compare their other valuations on worthless companies that have never earned a dime.
We're basically at $70 WTI today. With Free Cash Flow, Cenovus can pay off all their debt and buy back all $20B in Cenovus shares and go private in 5 years. Just watch what happens when we hit $85 oil. Stupid stupid cheap. Maybe that's why someone or some entity dropped $15Million US last Friday after hours. Maybe they are slowly waking up to this sleeping giant.
With all the stupid valuations out there, no reason why this stock shouldn't be $20 right now. I'm patiently waiting...it will come.