Post by
bassfishing88 on Mar 23, 2023 10:25am
We are even right now....
Are you kidding me, wtf is wrong with cenovus compared to the other oil plays- so frustrating withy this stock. And yes it has gone up recently but why does it lag on days when all the others are green?
Comment by
MigraineCall on Mar 23, 2023 12:36pm
CVE selloff has been mainly on the US side. Canadian side has been forced to follow. Perhaps some large US position being liquidated.
Comment by
bassfishing88 on Mar 23, 2023 1:02pm
Wow what a landslide. Wonder what Nuttal will say about this and BTE tomorrow on marketcall.
Comment by
autofocus111 on Mar 23, 2023 2:19pm
Yeah, and I see alot more OI in the options chain on the US side too. I know the big Canadian players like SU CVE etc. want access to US capital, but damm I'd like to see where these stock prices would trade if they only had listings on the TSE.
Comment by
Lawisfun on Mar 23, 2023 2:25pm
Clobbered. good luck to all the longs.
Comment by
Diligent2 on Mar 23, 2023 6:48pm
Heard things like "they keep putting off return of money to shareholders", " $4 billion debt put off to last quarter", did they obsorb costs for refinery fire : poor negotiating skills. poor refinery record.
Comment by
Quintessential1 on Mar 24, 2023 4:29pm
To be fair most of the refinery losses were atributable to refinaries not under their operational control. I expect this to lessen considerably this year and when it does that can (putting off returns to shareholders) will stop getting kicked down the road. This is one stock and mangement team I do not worry about. GLTA
Comment by
Cabarete1 on Mar 26, 2023 6:44am
Me thinks that they want to keep their powder dry in hopes for another aquisition.
Comment by
oilandgasmick on Mar 26, 2023 6:19pm
Agree 100%--it certainly wouldn't have hurt to have brought in a small dividend increase. I hope we do see a rebound but the same analysts who were saying "hold at 31 bucks" are the same ones who are now saying to look for a double from here-- but some of them have the same credibility as posters who have multiple handles and 10,000 likes.Buyer beware.