CVE....large, mid and small capsI have always said for me owning large cap oil right now is a waste. Small and Mid cap is the place to be. It was only a matter of time before guys lime Eric switched to this philosophy. If you believe the supply/demand thesis why bother with low torque large caps
That said to say CVE missed estimates is funny...when hardly any analysts understand oil and gas anymore...they all left for tech lol
That said if people read CVE decided to flush "non-cash impairment of $1.9 billion"...but look at the debt reduction, buybacks etc. Analysts are out to lunch. Lol...
That said I still lean towards small and mid cap even though I don't think CVE results were bad.
I believe the CEO also said only drilling to maintain production....no drill baby drill as some say...not even at $90 oil
Which for me is additional bullish talk