Bullboard - Stock Discussion Forum Cenovus Energy Inc T.CVE

Alternate Symbol(s): CVE | CVE.WS | T.CVE.WT | T.CVE.PR.A | CNVEF | T.CVE.PR.B | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G

Energy Oil & Gas Integrated

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore.... see more

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TSX:CVE - Post Discussion

Cenovus Energy Inc > I would Hedge 1/2 production at $70+ oil

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Post by RagingBull3 on Jun 18, 2021 11:19am

I would Hedge 1/2 production at $70+ oil

if it guarrentees Profits, Cash Flow, and ability to pay down debt over the next couple years.

If oil prices continue higher, with Debt Risk eliminatated with the hedge, free to increase Dividends, CapEx, production.

If oil prices crash, cut back production and expenses and sit back and enjoy the Profits from the Hedge.

All just my opinion/view/thinking.

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Comment by SHayden on Jun 18, 2021 12:28pm

Hedging won't garuntee profits, it will reduce profits, we've been over this.

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Comment by RagingBull3 on Jun 18, 2021 12:49pm

Ya, I know, but you don't seems to understand.... it's like buying insurance, I'm assuming if I understand correctly. Why do you buy insurance for your home? Oil price most likely to continue up, but if it Crashes, many companies (Shareholders) in this sector won't survive the next crash, IMHO. IMHO, this is what's holding back share prices ...more

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Comment by RagingBull3 on Jul 12, 2021 7:31am

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Comment by TopStockBuy on Jun 18, 2021 12:48pm

Please don't ever take this advice. Guaranteed to lose millions of dollars per day with that advice. I couldn't think of a worst time in history to be hedging oil.

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