Cenovus Energy Inc T.CVE

getting pummelled in the US today? WTF

[bassfishing88]

.

[JohnSP]

As are all Oilpatch stocks, yet WTI is up today.

[Quintessential1]

Yup....what a great day to buy if you could.  They won't be able to hold it down when the Q2 ER numbers are released.   At least the divy slid through on the holiday.  Mine never shows up on payday. GLTA and Happy Canada Day!

[rad10]

Late July for Q2.  It's a fairly safe bet - compared to just a couple of years ago. Record free cash flow, buybacks and debt repayment.  Difficult to explain this stock price.

[Diligent2]

Citi has been calling over supplied since I was a baby. They are owned by the democrats. Ignore a well financed shorting machine when the real market inventories show depletion and drops. I see no slowdown anywhere, rather busy everywhere i go. Restaurants, movies, golf ,no one is cutting back.It the american pros trying to get oil down. I don't believe it, I am long!!!!

[meritmat]

These companies better be hitting the buy button on there share buy backs 

[mrbb]

that's right.  At current valuation, it's better return on capital for oil/gas companies to buy back their reserves than go explore, drill or dig for new reserves.