Post by
MLEWICKIMBA on Apr 20, 2024 3:26am
Valera and Chevron Pulling TMX Oil
1. WCS Diff is about to tighten further
2. Inventory of WCS Heavy Oil wil fall
3. Production will spike. Second half for TVE will be strong.
The best is yet to come.
Only 7 trading days left in April. May brings earnings release and summer driving season.
God bless all oil and gas investors as we help sustain our country.
ML
Comment by
MLEWICKIMBA on Apr 20, 2024 8:27am
TVE could be target soon for a merger and for a US ACQUISITION. Guaranteeing heavy oil supply right. ATH CEO SAID THREE YEARS AGO WCS BENCHMARK WOULD BECOME VERY IMPORTANT So we will see that soon for these mid caps.
Comment by
egee on Apr 20, 2024 12:43pm
Wonder what Schmidt and company would say if a USA major came knocking and pulled up with a roach truck of cash.
Comment by
MLEWICKIMBA on Apr 20, 2024 2:42pm
Shareholder vote if the offer is submitted. The real value is where they are drilling as the TVE CEO said. Traditional Drilling Equipment that is the VALUE ADD. NOT REFLECTED IN THE SHARE PRICE -- TRADERS ARE HORRIBLE
Comment by
MLEWICKIMBA on Apr 20, 2024 2:50pm
They will merge first. Then be taken out in 2 years. Chump change right now with 1.38 cad.
Comment by
egee on Apr 20, 2024 3:23pm
Other suitors should get moving before the low hanging fruit is picked. It's going to maybe be an epic m/a cycle
Comment by
MLEWICKIMBA on Apr 20, 2024 4:16pm
You are right 100% That's what it looks like. Cole Smead from Smead capital said 7 to 10 Canadian companies left although he said 7 to 10 years. They ae invested in Meg Energy and Cenovus.