Cenovus Energy Inc T.CVE

RE:RE:RE:RE:RE:When oil hits $80-$90, I wonder which companies SMART enough

[Stockstag1]

It's a buyers dream  Huge Buying opportunity 

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The Stag:) 

RagingBull3 wrote: I'm guessing from 2014 to 2020  CEOs in this sector did just fine in the low oil price envirornment. I bet their paychecks didn't suffer much,  Share prices on the other hand took a beating.    Is that your reference on how a company can manage in a low price environment?   Let shareholders take it on the Chin???

All just my opinion/view/thinking
 

SHayden wrote: CVE can manage in a low pricing environment for a lot longer than most other companies. Also you talk so much about wanting profits, yet you want then to also take an action that will make them less profitable. CVE has a good enough plan on how to protect the company in a low price environment. At this point your just flip flopping on non issues.

RagingBull3 wrote: IMHO, it's the fear of oil price crash and the Debt that's holding back share prices in this sector.  This sector can't take another oil price crash.   It's been 7+ years....DEBT coming DUE.... Time is running out for many.....that is time is running out for Shareholders.... Companies/management will just "restructure" and continue on while Shareholders left holding the bag.

I view hedges as "insurance" not for making money.   Hedges cost, no free lunch.   CEO continue to get their Pay Checks and Bonuses no matter what happens to the Share Price ususally.     Hedges are for Shareholder, protect them from the Boogeman (Debtholders).

Eliminate the Risk Debtholders have on the company,  Shares Worth a lot more in my eyes.

Until then, this risk keeping share prices down.

All just my opinion/view/thinking.

SHayden wrote: CVE is unlikely to lock in much if any hedges. Also more often than not hedges are a money losing operation for producers.

RagingBull3 wrote: to LOCK IN Profits (lock in most of their oil production at $80+ and lock in expenses....to lock in Cash Flow and Profits)????  

I would be seriously thinking of locking in some Profits/Cash Flow even now.   I'm not sure how Hedges work, but if they can do what I said above, that is what I would be looking for in a company to do.  

Once Cash Flow and Profits   SECURED..... Then it's simple to plan for Debt repayment, Dividends, CapEx......etc.    

If oil price crash, cut back on production to what's Secured at High prices.   If oil price rockets higher, well we secured debt repayments so FREE to increase dividends, CapEX, Production..

All just my opinion/view/thinking.