Cenovus Energy Inc T.CVE

Earnings this week

[oilandgasmick]

SU is up a buck a share this morning even with flat oil prices--I suspect that some word of what SU earnings will be is starting to filter out and a few buyers are jumping in. Hopefully CVE will not disappoint either--it is going to be a very interesting week.

I am not expecting anything big in terms of share price movement but this should be a turn in the right direction for an industry that has spent way too much money and accumulated way too much debt in the last 7 years--time to wake up and start seeing things from the shareholder perspective--we shall see.

[JohnSP]

Indeed will be an interesting week, cyrrently WTI down 0.5%, SU.TO up 2.1%, CNQ.TO up 1.5% and CVE.TO up 1.1%. Why si CVE always the lagard? Especially when I think it's the cheapest. 

[prophetoffacts]

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[JohnSP]

Thanks for replies, longest position = CVE.TO. Also RBC's Update with COO Jon McKenzie on Jun 29, 2021, Lttle dated but some good stuff: https://www.rbcinsight.com/WM/ResearchViewer/1924-611858-1/1654?docType=PDF& Link may not work, so my summary: 1) "the company is on-track to achieve its interim target (Net Debt CAD10 bln) via organic free cash flow generation in the third or

[oilandgasmick]

John- I think there's a few factors at play that helps describe the "laggard." -alot of shares outstanding and still a lot of debt. $13.2B in debt/ 2.1 B shares= about $6.3 per share and that's heavy no matter what anyone says. -that Conoco deal still ranks as one of the worst ever made in the Canadian oil patch. There was simply no way that CVE had the right to consumate that

[Eigen337]

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[oilandgasmick]

You can totally disagree but I can assure you that Brian Fergusson will certainly not go down as a hero in the Canadian oil patch--just as an arrogant twit who ignored the balance sheet and put the company in jeopardy and at the mercy of low oil prices for no good reason with complete disregard for shareholder input--of course, my opinion only (and of course the same opinion as millions of other

[Spanito]

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[Spanito]

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[PabloLafortune]

SU trades at a lower historical (ex 2018) multiple than CVE/HSE does because CVE has a much better management team. Long term, management matters.