Post by
Wynjoe on May 18, 2021 7:42am
Zacks says sell Cenovus...
after earnings release,Zacks investment research gave a sell ranking for Cenovus.With oil holding strong and even gaining,where and whom at these (investment) firms come up with these predictions???Cenovus is still reeling from cash payouts of its takeover of Husky in first quarter,and not doing as good as expected?,(IS EXPECTED),i.m.o.,lol.Cenovus will strive in this oil enviroment as time goes on.It is my opinion that its natural gas assets in the South China sea, should not be sold,as i believe in a very strong natural gas price increase,going forward.
Comment by
willyk3 on May 18, 2021 8:38am
Absolutely agree with your sentiments about Zacks! As far as the gas assets go I take it all with a grain of salt....if memory serves me correctly..the Chinese basically told Husky to take their take or pay contracts (at a very attractive price) and shove them...they were renegotiated and there was squat that HSE was able to do ...but take it
Comment by
RagingBull3 on May 18, 2021 8:51am
Meanwhile HERE prices goes NEGATIVE, Differentials blows out to $45...... And People go on how China Cheats....LOL..... F..ing HYPOCRITES. All just my opinion/view/thinking.
Comment by
RagingBull3 on May 18, 2021 3:23pm
LOL.... That's right, you don't need to ACTUALLY know the contract.... that way you can BS and claim your "truth". And notice you brush aside CNOCC 51%. So.... how did you know that LOWER LONG TERM prices already in the contract????? Oh ya, just making BS probably. All just my opinion/view/thinking/guessing.
Comment by
mrbb on May 18, 2021 3:28pm
so why china deface itself to re-negotiate an existing gas contract?
Comment by
autofocus111 on May 18, 2021 5:25pm
RagingBull It was a tough pricing environment and it threw the viability of the whole project into question. Fortunately level heads prevailed on both sides and a decent arrangement was concluded so the project is alive and well and delivering solid returns. To me that's all that counts.
Comment by
RagingBull3 on May 18, 2021 2:55pm
And if you notice, CNOCC owns 51%. If Husky upset, maybe they should have thought about owning more than 49%. But I know you..... owning 51% doesn't count because they are a Chinese company. LOL. F-ing Hypocrites. All just my opinion/view/thinking.
Comment by
mrbb on May 18, 2021 3:17pm
hey fktard, why are you asking me when it was me you learned about cnooc's 51%
Comment by
mrbb on May 18, 2021 3:21pm
ok your dumbfk, you think u know about liwan. Which Liwan wells and which gas platform that cnoonc doesn't own 51%?
Comment by
woodwise on May 18, 2021 3:25pm
LOL, That Ragingidiot3 is a complete moron. That Halfwit hasn't got a clue. Just full of absolutely stupid comments.
Comment by
stocktrader2021 on May 19, 2021 4:09pm
WOOOODpeker... I found you here as well. doing same bashing... unhappy with your birth... taking revenge with every stock ... LOL
Comment by
woodwise on May 20, 2021 8:53am
Hey dicktrader2021, you finally found your way off the penny pages. Don't look here, this stock is way too high for you and it's one that will make lots of money. Go back to your 0.02 cent pages.
Comment by
autofocus111 on May 18, 2021 9:17pm
mrbb They came to what I consider was a reasonable compromise in a highly uncertain situation. I don't condone what CNNOC did, just highlighting for those CVE shareholders who don't know HSE's history there what led to the dispute. HSE also has projects off the coast of Malaysia. Their Asian assets are close to the growth. That is enough incentive to hold onto this asset base IMO.