Comment by
retiredcf on Apr 24, 2024 6:13am
BUY Cenovus Energy(CVE-T) 22/04/2024 The only large-cap he likes and feels good heading into their quarter. Have improved and fixed their refinery problems. Should pay off their debt by Q2 or Q3, which will trigger share buybacks. Boasts a good 13% free cash flow yield. He sees 50% upside. Oil / Gas Eric Nuttall $28.940 Owned
Comment by
Megasupreme on Apr 24, 2024 8:12am
"Should pay off their debt by Q2 or Q3" All of the 4+ B?
Comment by
jleer42 on Apr 24, 2024 10:17am
He is talking about meeting their net debt target of of $4billion or 1.0x net debt to AFF. That is when CVE plans to return 100% of FFF to shareholders instead of the current 50/50 split between debt repayment and shareholder returns.