Cenovus Energy Inc T.CVE

Hedges....At what Oil Price it would not be Stupid anymore?

[RagingBull3]

I said it might be wise to start Hedging at $70+ oil, I got laught at.   So, when would it be a good idea?  $80, $90, $100, $130?????   

At $130, I would probably hedge 80% of all production.    I would do 100% but you have to leave some room for production short fall for what ever reason.

All just my opinion/view/thinking

[MaynardKeanes]

I think you should apply for a position at hedging division of a major oil company. This way we could be spared of your magical thinking and you could put your genius to a practical use 

[RagingBull3]

LOL.... ya, wouldn't surprise me that you would still thinking hedging at $130 oil is a bad idea.  LOL No surprise coming from someone that thinks also PROFITS not too important metric.  LOL All just my opinion/view/thinking

[MaynardKeanes]

margin of safety  Intrinsic value 

[RagingBull3]

If I was an employee of an oil company, why would I want to spend Cash on Hedges????   I want that cash to go my paycheck, bonuses, and other perks.       If oil price tanks, I'll just want the company to pump out more oil to keep cash flow up, my paycheck, bonuses and perks coming.    Let Shareholders take it on the Chin... Like they have over past 6

[RagingBull3]

[RagingBull3]

Hmmmm CVE hedges at around $60  and I say start putting in hedges at $70+....   MaynardKeanes.... better read a few more books.     If you think I'm so stupid to put in hedges at $70+.... why you investing in company that so smart to hedge at around $60.... Better put you money into me.... looks like I did think to hedge better that CVE.   All just my

[SHayden]

Never hedge

[RagingBull3]

I would probably agree IF the company didn't have huge amount of DEBT. All just my opinion/view/thinking.

[SHayden]

Never hedge.

[RagingBull3]

[RagingBull3]

Even At $130 oil, SHayden would not Hedge!!!     Who's listening to this guy for investing???? All just my opinion/view/thinking

[RagingBull3]