These FUND Managers SELLING CVE Shares Are MORONS !- CVE is LIKE a HIGH-PERFORMANCE SPORTS CAR that is SPEWING BLACK SMOKE out of the exhaust
- it NEEDS a GOOD TUNE-UP
- the oil sands/conventional heavy oil part of the busness is DOING VERY WELL and GENERATING ENORMOUS OPERATING MARGINS
- the 100% OWNED US refineries are the ones CREATING SMOKE
* they NEED to be HARDED to be MORE RELIABLE and RESILIENT which CVE is SYSTEMATICALLY DOING during the TURNAROUNDS
- during CC, CVE CFO stated:
BREAKEVEN (including paying out the $ 0.18 per quarter BASE DIVIDEND; CAPEX $ 3.0 to 3.5 billion):
USD 45 per barrel
BREAKEVEN with GROWTH CAPEX (including paying out the
$ 0.18 per quarter BASE DIVIDEND; CAPEX 4.5 to 5.0 billion):
USD 50 per barrel
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