Cenovus Energy Inc T.CVE

cenovus holding up real well today...

[bassfishing88]

Not complaining at all but wondering why?People getting in before they post earnngs in a few day?

[oilandgasmick]

I think oil and gas stocks are holding up very well because investors are starting to realize that with rampant inflation you want to own something "real" that can't be printed by the Federal government. If you sell O&G stocks at this point then what do you do with the cash?  The interest rates at the bank are still going to be net negative numbers (even with the hikes) and

[bassfishing88]

Thanks for your reply oilandgasmick but today in particular the sector is down about 3% or so  and we are positive-why?TIA

[Quintessential1]

Yup the only green in a sea of red.   My guess is CVE picked a good time to buyback and COP is no longer selling. GLTA

[JohnSP]

Good point, only one green in my portfolio, not complaining, but why? Volume normal for most Cdn E&Ps, guess demand higher for CVE as first to report, 5 more sleeps! 

[mrbb]

i think the quarter coulbe be good enough to mark a inflection point of cve, investors anticipate CVE doing a divy hike comparable to SU and CNQ. It would show CVE is steady as she go, the grey clouds are behind us .