Post by
long342 on Mar 01, 2023 12:39pm
CENOVUS ENERGY INC> a takeover taget and
ripe for the picking.with a low P/E ratio. BP or big daddy EXXON Mobile can. aford it.
Comment by
GrandBend on Mar 01, 2023 4:04pm
CVE just bought the 50% of tge Toledo Ohio Refinery from BP. Why would BP then turn around and buy CVE?
Comment by
Woodporter on Mar 02, 2023 8:05pm
Exactly. Exxon needs something like Cenovus to pave a long future. They need reserves. But even if they know it, their controlers won't let them have it. It is too politically negative to the funds and endowments that own a big chunk of them. Hence, they will pass, leaving Cenovus to those of us who see past the vapid arguements.
Comment by
Margin321 on Mar 03, 2023 10:54am
CVE will turn out to be great income investment in the long run. Sometime in Q3 they will pivot to 100% return of free cash flow to shareholders. Couple of quarters later than we thought, but it is coming. I hope to continue to add CVE shares over the next 6 months, at or near current severely undervalued price.
Comment by
parcheg on Mar 04, 2023 1:30pm
long342: too early for April Fool's methinks
Comment by
mrbb on Mar 05, 2023 5:11pm
sorry, international oil/gas companies don't want tarsand second, canada is so anti oil with liberal in power, why why why would anyone outside of canada wants in? foreign interests sold off and left canada, why would they want to come back to a even worst regime?
Comment by
autofocus111 on Mar 05, 2023 7:27pm
mrbb Well XOM is still here via its majority stake in IMO. And that's even with activist investor Engine No.1 trying to force them to turn green.
Comment by
germtech1 on Mar 06, 2023 10:35pm
Kind of agree....Canadian oil dousnt seem attractive to US investors...to Cold of a winter.
Comment by
Badmoonryzzin on Mar 12, 2023 11:38am
Sell the China assets and buy Meg