Post by
Wynjoe on May 04, 2021 11:31am
Less then a year remaining...
in Cenovus/Conoco,deal,pertaining to wcs pricing.Cenovus shares were at $17.00 when deal was struck four years ago.If Cenovus could buy back these shares that Conoco are holding for under $10.00,or even higher,i think that would be sweet!!!!Conoco only holds two Billion dollars worth of shares,(todays s/p).With future oil prices looking firm,now would be a good time for Cenovus to buy back the shares Conoco holds.Just maybe Cenovus could make a trade with Conoco....Cenovus non core assets for Conocos shares they hold in Cenovus???
Comment by
JohnSP on May 04, 2021 11:37am
Good points, but the last thing COP wants is back in to Canada, especially for non-core assets.