Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Cenovus Energy Inc T.CVE

Alternate Symbol(s):  CVE | CVE.WS | T.CVE.WT | T.CVE.PR.A | CNVEF | T.CVE.PR.B | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore. Its Downstream segment consists of Canadian Manufacturing, and United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.


TSX:CVE - Post by User

Comment by RagingBull3on Oct 12, 2021 3:09pm
292 Views
Post# 33998348

RE:RE:RE:RE:cve

RE:RE:RE:RE:cveI don't Short, I don't play Options, I don't play the future market, I don't even play Commodities ETFs anymore.    I try to keep it very simple.  Just buy and sell common stocks.    Husky Preferreds were the first time I played Preferreds.... and I only have Warrants because of the Conversion to CVE.  

I have a general idea of hedges, options.... Just because I don't know exactly every detail about them doesn't mean what I'm saying is totally wrong.  

Is it TRUE or NOT.... You're Hedges reduces your potential gains?    My point was that.... You stated it was a no brainer but then you put hedges in which reduces your  potential gains which contradicts yourself.

While I think your move was smart, a good move..... my point still stands.   But I'll give you this, you were probably talking about over a year ago it being a "no brainer".....not now.... and that's why you hedged. 

You actually got me thinking.... If I hedged instead of selling, I would have Locked in my GAINS without actually selling and triggering a Huge Capital Gain and with it HUGE TAXES to pay.   If I hedged, I could hold that hedge until I had a Huge Capital Loss in which then I could unwind my hedge and sell my shares to trigger a GAIN to offset my Loss and pay no tax.    Only problem is, I haven't had a loss in many years, let alone a loss large enough to offset this particular gain.  

Hope this idea helps you.    Nobody likes to pay taxes if they don't have to.

All just my opinion/view/thinking.

MaynaardKeanes wrote:

Hi raging bull
We have a hedge on 13% of our position, lol and you don't even know what the spread on the hedge is? And you are making comments when you don't know what the hedge spread is ? Weird 

since you are such a genius please explain how you would even understand how to hedge a position on common shares for a CREDIT 

poat a message explaining how it's done. I can bet you would not know how to do it for a credit

Let us know 



<< Previous
Bullboard Posts
Next >>