RE:RE:RE:CENOVUS ENERGY INC> a takeover taget andmy 2 cents: you never buy a stock on the chance of a take-over in general ,and you would need a WHALE to take out CVE specifically-who?? CNRL?? the choices would be VERY SMALL.
More importantly, the days of OUTRIGHT TAKE-OVERS are becoming more of a distant memory..the flavour right now is MERGERS and thats a big difference-no huge cash premiums, its really a hope of capturing synergies in these cases. Alot has to do with banking these days-NO BIG BETS on debt and a "TAR SANDS" view again makes CVE a harder sell.
What i would like to consider : PERHAPS THE SELLING OF THEIR CHINA ASSETS-It's a double edged sword as they are THE BEST NETBACKS in their portfolio but at the same time they have ZERO control. NOTHING RACIST HERE-CHINA has been generally a solid partner but world politics could/are changing and its generally geeting worse. Remember, under HUSKY, their was one major spat and CHINA literally imposed new lower prices for their NAT GAS breaching long term contracts and it could happen again...ONLY and ONLY if they can get decent dollars GET OUT and they would be more than debt FREE..dwdc