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Cenovus Energy Inc. (CVE.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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16.09-0.14 (-0.86%)
At close: 04:00PM EST
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  • G
    Gary
    Just listened to a great conversation this am on CNBC with an interview with Pioneer (PXD) CEO who was asked if he felt compelled to produce more oil. His response was that even though Biden called OPEC tp produce more oil, we did not receive that call from Biden for us to do so. He stated their game plan is to reward their share holders. Also stated that Biden's SPR release was a band aid mistake and that oil prices are going to $80 $85 and higher.......
  • D
    DennisK
    CVE needs to follow Devon's dividend policies. Up to 84 cents per qtr. CVE paying peanuts!
  • P
    Peter
    Keeping my call options for expiry in 2024 @ 16 strike price. Good things coming for CVE investors as long as oil is above 70. I don't care for 100 oil (although would be wonderful LOL). Give me greater than 70 for a few years and we are laughing.

    CVE can pay off their entire debt with oil at 70 in 3 years. NO DEBT PEOPLE!!! WHAT COMPANY HAS NO DEBT. ALL PROFITS GO TO US, THE INVESTORS!!!
  • C
    CoastalBills
    Thank you to all of the dividend whiners for allowing me to pick up more shares at 12.50 today. The “market” can cry about dividends all that they want to satisfy their short term wants but anyone with a brain understands that using cash to pay down debt and focus on buybacks is a much better strategy in order to improve the stock price over the long term.

    All of the companies that are focusing on big increases in short term dividends have not perfect any better than CVE.
  • G
    Gary
    CVE stock price ready to run. Seeking Alpha article by energy analyst HFIR yesterday "Technical Indicators are Starting to Bottom for Energy Stocks and why we Bought Today" put out a buy (and did buy) CVE........
  • C
    Cheese Head
  • S
    Sat
    Y’all stress about day to day to much. I have tripled my TFSA in past 2 years due to small cap oil. Just be patient. Right now I have 35 CVE.TO $15.5 calls I entered into today expiring February 2022. Expecting to 3-4x my capital on these in next 2 months
  • M
    Matt
    CVE investor day Wednesday…. Should hear some good news!
  • G
    Gary
    Also stated that as CVE continues to reduce debt to $8 billion then subsequently to $6 billion then divvy's could potentially be increased 4x current divvy........
  • P
    Peter
    With oil going up and investor day tomorrow in addition to Pioneer's CEO comments regarding production, why on earth would you even think about selling?
  • G
    G
    CVE the best positioned North american oil company...now this puppy about to unleash at investor day next week....
  • G
    Gary
    Stated in their presentation will get down to $8 billion debt load end 2022 but as early as mid 2022 depending on oil price. Also stated 1/2 cash flow in the short term will be allocated to share buyback since CVE stock price will be materially higher going forward.....
  • K
    Koushik
    Cenovus is selling Husky retail units and wembley assets for $660 millions.
  • s
    sunny
    If production hits 800 MBoe/d, does that mean CVE over takes Suncor as the 2nd largest producer of Oil? Also this would add substantially to the bottom line if prices hold at 70$ WTI
    Greener Pastures ahead....
  • P
    Peter
    What a fake "sell off". Anyone listening to their investor day presentation? Absolutely solid!

    Will be green before the end of the day.
  • F
    Floyd214
    Time to see that Husky Retail sale reflected in our price.
  • B
    Bob
    Smart investor would have at least 50% of portfolio Investing in Oil more especially in CVE which would never disappoint you.
    It goes up slow but solid, you can have it in your portfolio and just let it sit and watch it grow .
    Oil is the solid past and future.
    Look around, anything you see has brought in town by oil, not electric or wind power transportation or hugging trees.
    I would drink it if I could.
  • C
    Calvin
    $17 by end of year we all know it
  • P
    Peter
    AP and his management team are for the shareholders! Great management team. Mark Little from SU, take notice how it is done!
  • T
    Taylor
    If CVE sold all of their upstream assets at the same price they just sold the Wembley assets (75k/flowing barrel) they would be getting $56B and still have 4 refineries