RE:RE:RE:Strengths / weaknesses OK... so off shore/ China means Atlantic off shore and China..... You can't see how someone could interprete that as offshore China. As China is Offshore !!!
This is how I learn.....I "talk" it out. Just like I "talked it out" on the Preferreds.... Dispite No one buying the Prefereds back in March 2020, nobody posting about Preferreds..... I posted posted posted, talked it out with myself..... Finally, came to the conclusion, I'm RIGHT and everyone else WRONG.....
I did my "Strength/Weakness" Pro/Con all by myself.... spouting off all kinds of garbage on the Husky Board...
BEST THING I EVER DID FOR INVESTING WISE..... Lead me to my best trade on Reward/Risk profile.
Simple solution for you, put me on ignore.
All just my opinion/view/thinking
SHayden wrote: In my write up, off shore/ China means Atlantic off shore and China.
Look man, you need to get a life, spend some time off this board and go out an enjoy some things. All you do is come on here and annoy every single person, put words in peoples mouths and make an idiot of yourself.
You come on here and spout off all this garbage then in the next post say you haven't even looked over the financial statements historically. The things you ask are routinely stupid, annoying incorrect and weird.
What you need to do is understand the history of this company, then you will understand why 1+1=2,
Spend more time LEARNING and less time posting on here. There is more to life than annoying strangers on the internet. Overall, I find the things you post to be completely absurd but once in a while I will write something and it is usually to try and point you in the right direction. However, you then just immediately turn around and cr@p on anyone who says anything.
Just take a step back, get off the board for a while, read the company's history, if it does not make sense to you, go to the library and get some books on financial analysis / investing. If that does not help, pony up the money to take some courses through CSI.
But most of all, you just need to step back and relax a bit.
RagingBull3 wrote: A little hypocritical/Bias to lable Asian Offshore as a weekness and not include Atlantic also. Asian raking in the Profits and Cash Flow... While Atlantic expansion with billions spent put on hold.
It's a strenth to have "international" experience, reach....exspecially in HIGH PROFIT areas....not a weakness.
All just my opinion/view/thinking.
SHayden wrote: Strengths
Large production base
Multiple grades
Multiple revenue streams
Vertical intagration
Massive liquidity (credit avaliability)
Refining
Rail access
Pipeline access
Co-gen
Line 3 / TMX entering operation soon (narrowing of the WCS diff)
Most debt is termed out and locked in rates
Weakeness
Debt (Although this is a lot less of a concern that it is made out to be)
Political / ESG
vunerable to oil prices / opec
Operating assets in an enviroment they have less experiance in (off shore / china)
Superior is inactive
Profit is a poor metric to use for companies like this because of inventory, there is a value placed on P1/P2/P3 depending on the current price of oil they will re-evaluate the value of those reserves which will create a meaningless profit or loss on the financal statements. This is why profit is not a valuable metric for a company like this. When you have to de-value 9 billion barrles of oil, that is going to really impact the statements.
Cash flow is better as it shows the cash generating ability of the company. Debt reduction is another good metic however this also gets scewed by the currancy changed from CAD to US. Also debt reduction is harder to read out when a takeover has occured as there will be a massive ammount of one time costs in each of the quarters for the first year, but they are generally most heavily weighted on the first two.
Cenovus is a world class SAGD operator, as time goes on and they optimize the HSE assets the cost of production will come down also debt will be reduced. We will see the cost of production reduced and interest costs reduced. This will result in more excess funds on hand. Once oil has reached a stable place and they do not need to re-evaluate the value of the p1/p2/p3 reserves we will have clearner financal statements to read and "profit" will be a meaningful metric, but at this time it is not due to the reasons mentioned above.