Cenovus Energy Inc T.CVE

Sell off is overdone

[MLEWICKIMBA]

Real value is $28.00

You are selling your shares to CVE today.

[downwithdotcom1]

unfortunately, the falling shareprice is more and more being driven by rather subdued expected Q4 results mostly caused by more losses in US REFINING.. In the past, i have picked up a side trade at these levels and have always done well-i believe this is the 3rd time that CVE dropped from $29+ to $20 ish in as many years-not this time, waiting for the Trump news 1st and possibly the release of Q4

[meritmat]

If its that bad there better be changes.  Run the whole managment off of there down stream division.  

[Quintessential1]

Is it being driven by subdued expectations or tariff expectations? The entire sector is selling off. Do they all have subdued Q4 expectations? GLTA

[Commr51bkd]

The issue today is news of the cease fire in the Middle East, at least according to that bastion of biased market information, Oilprice.com.  Gaza Ceasefire Halts Oil Pric Rally

[Quintessential1]

LOL @ "bastion of biased market information" Yeah I have always found Oilrpice.com biased too but I have always found them biased in favour of oil and its political alies. I guess that is the scapegoat of the day though and in all fairness there can be more than one factor. GLTA

[YupnDump]

DUMP b4 Trump imposes his tariffs today...DON'T WAIT..!!!

[Albatross]

Personally I feel Trump understands the importance of free trade in the oil & gas sector. A tariff would only serve to raise prices at the pump for the American people and they would not be pleased with that. I don't think he's going to do it. Instead I propose you BUY CVE now as it is currently suppressed due to this market uncertainty. It's an opportunity.

[Quintessential1]

Whether he undestands it or not is debateable. Its importance is not. CVE has enough US assets to weather any storm.  If there is one. GLTA

[YupnDump]

DUH...he set up special dept to collect tariffs(External Revenue Agency) .. the tariffs will not be passed onto consummers...a money maker to the US General Fund for the white house..

[YupnDump]

keep on dumping

[Albatross]

The landlocked refineries of the Midwest cannot get their oil from anywhere else other than Canada... a lot of the us refineries are geared to take Canadian heavy at a discount and that's how they run. They cannot easily replace that pipelined heavy. Canada will sell its oil to these refineries at the same price and the refineries will have to pass on the tariff to these oil purchaser