RE:I am trying to dig in for a longer term hold here.As a fairly long time holder of CVE through the ups and downs, I feel like you are gettng very good value at the current entry point. They have finally (after years of waiting) met their debt target and are aggressively buying back shares. This should have a very positive impact. The current price seems quite low and the CEO just bought a bunch of shares so take that for what you will.
The wild swings of WTI price are tough to stomach but with low debt the company is in good shape to weather even an extended downturn in oil price. Upstream performance of the company is great and the downstream refining seems to be making slow but sure improvement.
Overall, if you sit back and avoid getting swept up in the weekly oil price drama, you will have a winning long term investment. Good luck with it.