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

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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Cenovus Energy Inc > cve

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Post by masfortuna on Oct 11, 2021 6:36pm

cve

Cve up 1.6% for the day. Not bad. To the pumper below, congrats on your profit BUT cve has underperformed many OTHER oil stocks. That is why I bought about 1 month ago. I am also looking at SU for the same reasons. So in a nutshell, your 250k profit could easily have been 1.5 million...Just saying
Mas

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Comment by MaynaardKeanes on Oct 11, 2021 7:38pm

Thanks. We have now hedged our position with bear spreads we put on in the last few rallies so even if this baby drops, no substantial losses possible here.

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Comment by meritmat on Oct 11, 2021 7:52pm

No man ever went broke taking a profit. Long and strong Cve

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Comment by joelou on Oct 11, 2021 8:13pm

That's how Buffet created all his wealth ... sold too soon. Ha

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Comment by Stockstag1 on Oct 12, 2021 7:50am

But many have missed the boat trying! The Stag ;) quote=meritmat] No man ever went broke taking a profit. Long and strong Cve [/quote]

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Comment by RagingBull3 on Oct 12, 2021 9:04am

MaynaardKeanes says it's a "no brainer" but then goes and Hedges their position. LOL.. He doesn't even believe his own words..... I guess it's better than selling and incurring huge Gain and have to pay HUGE TAXES. I should have sold only 1/2 of my position last year and held the other half to sell this year. It wouldn't help with the Taxes but ...more

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Comment by RagingBull3 on Oct 12, 2021 9:17am

Then again.... TAXES (RATES) are probably going to go through the roof. Governments around the world are going to TAX TAX TAX everyone..... The USA already going around the world trying to make agreements on "Minimum Tax". All just my opinion/view/thinking.

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Comment by MaynaardKeanes on Oct 12, 2021 9:39am

Hi raging bull We have a hedge on 13% of our position, lol and you don't even know what the spread on the hedge is? And you are making comments when you don't know what the hedge spread is ? Weird since you are such a genius please explain how you would even understand how to hedge a position on common shares for a CREDIT poat a message explaining how it's done. I can ...more

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Comment by RagingBull3 on Oct 12, 2021 3:09pm

I don't Short, I don't play Options, I don't play the future market, I don't even play Commodities ETFs anymore. I try to keep it very simple. Just buy and sell common stocks. Husky Preferreds were the first time I played Preferreds.... and I only have Warrants because of the Conversion to CVE. I have a general idea of hedges, options... ...more

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Comment by RagingBull3 on Oct 12, 2021 4:07pm

Let me guess, as I never done it before... So, lets say CVE share price is $14.15 today. How do you hedged and get a "Credit"? I like to take things to the "extreem" to help me understand things I don't understand.... So, if there were options to sell CVE shares at $3.... NOBODY would want them right now. Anyone holding them would ...more

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