scathing comments from Eric...and justifiably so...said CVE was his "worst call" of 2024... Good for him!!! Sold for a tax lost to off-set other gains. He said that the continuing on going problems with US refining has seriously damaged management's reputation in the market even thou it only represents 15% of their business...My words, remember the refineries are supposed to be part of their so-called "value chain" where they were gonna maximise the spread between the major input cost, oil, which they mostly self supply and the refined products...i don't care about FIFO accounting blah, blah -SUNCOR did well and the stand alone refiners are still ecking out profits ...why can't CVE??
Eric says he still has high hopes for CVE and plans to get back in bacause of their asset qualities...time will tell. Hope the CEO and their management team have gotten the message..
CVE current price , $22.70 ish ... enough said...dwdc