Cenovus Energy Inc T.CVE

What’s holding us back?

[Stockstag1]

https://oilprice.com/oil-price-charts

Enjoy your weekend 

The Stag :)

[Dogsbreakfast4U]

The fact that CVE is barely holding on to $12 with WTI above $74 shows you the power of the large players and the shorts on stocks price action. The OPEC meeting next week could be the catalyst the market is waiting for to push O&G stocks higher or lower.

[Stockstag1]

Oil just broke $74 and I took a peak at Suncor. It's red also.  You are probably right DogsBreakfast.  Staying long and still accumulating  The Stag :) 

[JohnSP]

Also staying long, probably less than 1 month now until Q2 results released, last year's was July 23, 2020.

[TopStockBuy]

Long and Strong here too.  I may have to sell 20% of my shares in the $20s...and I'll probably regret it a few years from now.  

[Mapleleaf57]

you think this stock will hit in the $20 mark?

[MaynardKeanes]

In the next 5 years you have a good chance. Be patient 

[TopStockBuy]

In my opinion, it's a mathematical certainty and I believe it will come before end of 2022.  Analyst targets are $15 - $19.25.  They are way off.  It's already worth $15 - $20 today.  Grossly undervalued.  Patience will pay off.  Today is a huge buy day.  Completely detached from reality.  No reason for the oil sector to be selling off.  

[MaynardKeanes]

I agree , patience is certainly the most important quality 

[meritmat]

If oil stays over 70.  This is a 30 dollar stock 

[NEWBIE65]

Since when?

[TopStockBuy]

And what if oil gets to $85 - $100 in the next 12 - 18 months?  The numbers are staggering.  Add $20+ to each barrel of oil, currently producing north of 750,000 boe per/day.  Staggering, and that's pure profit.   $50 - $60 SP wouldn't be out of the question and unfairly valued at that when comparing to other sectors.   Cushing inventory is expecting to

[meritmat]

Amen brother  Look there paying off debt waaaaay faster then they could have planned with 70 dollar oil.  The next thing is assit sales of non core.  Stay the course ignore the white noice and enjoy the ride 

[Husky4000]

An insider bought 20 000 shares at 12.10$ 2-3 days ago. Besides sometimes wti goes down and CVE goes and I see nobody complaining. This will go up in due time.