RE:RE:RE:RE:RE:RE:RE:RE:WTI but this is a good window of time to unload the junks.
After the gas stations, tucker, i think cve should sell off their cold heavy and EOR asset would be a good move. Once the clutters are gone, opportunity of new and better asset will look attractive. Complicated and high cost asset takes more manpower to manage than a good asset.
oilandgasmick wrote: That's my guess too.
The basic strategy is to reduce debt to an interim level and then raise the dividend--it's not rocket science and Alex knows this.
A strong balance sheet coupled with a solid dividend is what CVE shareholders wanted for the last decade. That's what the risk profile was supposed to be ---before the idiot went out and spent 18B in acquistions and overpaid by half.
We have posters on here going on about buying MEG etc. etc. but that's just more of the expand-expand-spend-spend-dilute-dilute strategy that got both CVE and HSE in trouble in the first place.
If you want a company that is in constant growth mode then buy a junior or intermediate but don't look to a vehicle like this for that constant buy-buy-buy strategy.
That's the difference between Alex versus the 2 Robs and Bright Brian. Listen to what the shareholders want in the company and act accordingly. It's their money not yours.