Cenovus Energy Inc T.CVE

CVE: Build Back Better

[mrbb]

Bigger, better , stronger

[oilandgasmick]

WTI just hit 80 bucks and free cash flow for CVE should see us get down to the $10B debt target with relative ease. Still a long way to go until the share price hits 20 bucks but I can see it coming in the first Q of 2021 if these prices hold up.

[oilandgasmick]

Should read as 1st Q 2022. 1st Q of 2021 would have been nice though.

[meritmat]

What happened to our residence pumper?   Did one of you guys put him in time out?

[oilandgasmick]

They always come back because their egos won't let them do otherwise. As I have said before, when you see these handles with thousands of "likes" its best to simply ignore their advice. It breaks me up when the alternate handles come on the thread to praise this type of poster. Like no one else can see what's happening--too funny. It's fasinating that some people crave

[mrbb]

if true, 40% ROR isn't bad for 6 month time. LKS must be kicking himself for selling husky at the bottom. I hope he still kept the converted CVE shares and warrant for the ride  

[SHayden]

LKS never sold a single share of HSE or CVE and he has the majority of the warrents.  

[mrbb]

truth is, his son don't want to run husky under canadian politic arena and LKS family still like the oil/gas sector. 

[RagingBull3]

While IMHO, HSE was the better company, it was a smart move by LKS to SELL Husky.   It didn't matter much that at that time it was the market "Bottom" because it was an ALL Share deal....  Both CVE and HSE shares "Bottomed".... It was smart because, IMHO, the market wasn't liking HSE, and I think that had a lot to do with HSE having a Majority

[mrbb]

better yet, the WCS is at record high, 65.6 USD/bbl or 82 CAD/bbl.   

[oilandgasmick]

Here's a question for you MRBB because I don't know the answer. What percentage of CVE's oil production captures the WTI price-- given the new refinery capacity that the HSE deal has brought?  Is the WCS price still as relevant after the merger? Obviously not but to what extent?

[mrbb]

cve  produces 141 mboe/d conventional, 550 mboe/d  oil sand, 73 mbo/d offshore, i'll let you do the math.  Of course WCS price matter but not as much as without downstream. Refining margin is not at a record level but still good. Integrated oil company can move their product streams anyway they want to maximize return  

[meritmat]

On top of that how much will line 3 help the company!!