Post by
ScarletSpider on Apr 29, 2022 6:06pm
I should have bought shares in Cenovus at $1.90
I even recommended it to someone but he said it was too risky no guarantees. It went to $3 then $6 and of course more recently over $20!!! That being said I am rolling the dice on this as someone said that was too risky then I had a gut ferl I didn't act on but this one I have. I will again vote down any potential buy out offer less than $40. I have 0 interest in selling any of my shares here and still stress these should really be no less than .75 to .80 so right now the shares are a steal. Because I didn't play the game either here or anywhere else I can't buy being fully invested and that is fine because I will not sell either. The company keeps succeeding that's all that matters until it hits a more reflective share value to which these are a piss in the bucket and should really be well over a buck oh well we will get there and it will hopefully be $3 to $5 by the end of the first testing phase. We are clearly shafted right now I will not expect it to be the case when the first round proves successful this September/October. Regardless all these prices are meaningless in light of the $40/share I desire and I will keep holding for that price or as I said my hands are forced and no other way. So far so good and I expect it stays that way.
Comment by
Malton1 on May 01, 2022 4:44pm
I don’t think you are far off on your projections. Don’t worry about the prices right now. People sell for all kinds of reasons. There are not that many shares available so it would not surprise me if some are dumping to create panic selling hoping to either buy back cheaper or buy more than they could before. Just over the horizon everyone.