Cenovus Energy Inc T.CVE.PR.B

These FUND Managers SELLING CVE Shares Are MORONS !

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- CVE is LIKE a HIGH-PERFORMANCE SPORTS CAR that is SPEWING BLACK SMOKE out of the exhaust

- it NEEDS a GOOD TUNE-UP

- the oil sands/conventional heavy oil part of the busness is DOING VERY WELL and GENERATING ENORMOUS OPERATING MARGINS

- the 100% OWNED US refineries are the ones CREATING SMOKE

* they NEED to be HARDED to be MORE RELIABLE and RESILIENT which CVE is SYSTEMATICALLY DOING during the TURNAROUNDS

- during CC, CVE CFO stated:

BREAKEVEN (including paying out the $ 0.18 per quarter BASE DIVIDEND; CAPEX $ 3.0 to 3.5 billion):

USD 45 per barrel

BREAKEVEN with GROWTH CAPEX (including paying out the
$ 0.18 per quarter BASE DIVIDEND; CAPEX 4.5 to 5.0 billion):

USD 50 per barrel

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better now: * they NEED to be HARDENED to be MORE RELIABLE and RESILIENT which CVE is SYSTEMATICALLY DOING during the TURNAROUNDS z173

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BREAKEVEN (including paying out the $ 0.18 per quarter BASE DIVIDEND; CAPEX $ 3.0 to 3.5 billion): USD 45 per barrel BREAKEVEN with GROWTH CAPEX (including paying out the $ 0.18 per quarter BASE DIVIDEND; CAPEX 4.5 to 5.0 billion): USD 50 per barrel   *** - of course, the REFERENCE MARKER PRICE is WTI z173  

[Commr51bkd]

I trebled my position (which admittedly was not very big) and will definitely add until i get to a nice round 5000 shares.   I did not hear anything to make me think this company will not continue to improve efficiency, become more profitable, and grow over time.  If the dividend were higher, i would commit a larger share of my capital though as i will need some income in a few

[mnztr]

What % of your net worth would that represent?

[Commr51bkd]

Currently, it is a whopping 0.4%.  If the price stayed this low long enough for me to get to 5K shares, it would be a little over 5%, but that would only be if my net worth stayed the same.  Fortunately, i get paid in USD (I say fortunately only by comparison to the CAD, i have 5% in gold already and my dividend earnings are used to buy either PHYS or actual physical gold).