Cenovus Energy Inc T.CVE

Sold half

[Dogsbreakfast4U]

After holding a very large position Husky since 2013 and then Cenovus and going through many years of hell, I decided to sell half of my position at $25.11. Glad I was very very very patient. I still think that we will eventually go to $30 but taking some money off the table will help me sleep better at night.

[meritmat]

No man ever went broke by taking a profit 

[oilandgasmick]

I trimmed my position back a bit too (at 25 bucks) and am looking for a 30 buck price to further trim my holdings. I think oil stocks are still way underpriced but unfortunately rational thinking isn't something that you can count on in the markets. If it was then Shopify wouldn't have hit 2200 bucks a share. All the money in the world is of no use to you if you can't sleep nights

[autofocus111]

The party's just getting started dude. It's like leaving at 11PM. I'm not gonna pull an All-Nighter, but I'm sticking around until 3AM. 

[meritmat]

At 50 I might dump.  60 maybe some more. 

[Stockstag1]

Chart looks amazing  not sure why you'd dump   Cheers  The Stag:)   

[mrbb]

congrats to those who lightened up on boom day

[MigraineCall]

Thanks BB. I was quite happy I sold all my 500 contracts of May 20 CVE $15 calls on Friday's close, +$3.40 US, = $170K US. I bought 20k more CVE shares during today's fire sale, however it sucks to be down $1.3 million in one day overall. My biggest one day cash drop, but not my biggest percentage drop. My SQQQ are doing extremely well, but I don't own enough of them to make much of