Energy Investing - The reason you can't have a bigger dividend at CVE is because they keep buying things like this - Energy Investing - InvestorVillage


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Msg  439785 of 452464  at  8/9/2022 2:25:58 AM  by

vxmike

The following message was updated on 8/9/2022 2:26:43 AM.

 In response to msg 439614 by  john47m
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Re: The reason you can't have a bigger dividend at CVE is because they keep buying things like this

BP has invested close to $500 mil the last 3 years into the refinery. And now walk away from the refinery and the Sunrise development for less than half it's cost.

That means CVE has also invested $500 million as well. How much money does this particular refinery make? Owning 2x of something that might not make much money in the first place might not be that valuable.


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Msg # Subject Author Recs Date Posted
439786 Re: The reason you can't have a bigger dividend at CVE is because they keep buying things like this BullorBear67 9 8/9/2022 5:28:29 AM




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