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Energy Investing
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Re: If you are buying CVE todayThe timing suggests that CVE/COP have been talking...reached some type of accommodation...COP is ready to get out...CVE knows what Q1 looks like... and is willing to commit to buying COP out...and reduce their share count 10% over the next 18 months...could be a win/win...or NOT...they could be at odds...COP forcing the action... In HINDSIGHT...it looks like a big win for CVE...a plus $1.5B+/- on just the share price...the oil world is must more positive today... it appears that both the deep basin and the oil sands will get pipes to the water...and their production will be in demand...valuable in the world markets...We'll see...still lots of unknowns... good luck all.. |
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