RE:RE:Buying Back at $19 instead of when shares were $2.55Yes, back then it would be dicy, as I posted before on this subject matter....
But if you didn't think CVE was going Bankrupt, if you bought shares..... THEN YOU BELIEVED THE COMPANY HAS A FUTURE...... Then it's not far fetch to think to buy back shares when they are $2.55.
All the company had to do was cut back on Expense, CapEx and use that money to buy Shares.
Right??? If you bought shares back in March 2020, wouldn't it makes sense for CVE to do so also???? Unless CVE itself thought it was in such bad shape that it wasn't able to take advantage of this opportunity....
Really.... $2.55 !!!!!
NO... Back in March 2020.... Companies looking how produce more oil so they could sell at a greater loss... That's what they were doing I believe.
Just like MASKS and TESTING..... You don't need 6 months or over 2 years and counting to know Masks help and TESTING needed if you want to stop the spread.
All just my opinion/view/thinking.
BillKollector85 wrote: Please oh wise and powerful one tell me a canadian oil sands company that was doing stock buybacks during march 2020 lows
Looking throught the lens of higndsight is poor metric especially since you're overlooking prior events that were considers quite serious at the time. No one knew how 2022 would look back in 2020
Apparently the one cenovus site made over 300 million in profit last month. Pretty sure they're not concerend with a few gas stations. lol