to the stock experts' signals. If you take the negative view, it is like they purchased more oil sands assets and deep basin, where they don’t really have expertise, and now they are going to have to sell assets into a bad market.
Cash flow outlook for this year and next is pretty dismal. A name you can own if you like oil.He expects the heavy oil differential to have recovered in a year’s time. It likely has a good position now, assuming this environment doesn't go on too long. He thinks the stock is susceptible to further selling pressure as oil prices are expected to drop below $60 soon on a seasonal basis.
You want more than just early signs.
Thinks that it is a stretch for them. She thinks it will be considerably higher stock price in 2 years time. De-leveraging will happen quickly with rising oil prices. Earnings reports or recent company news can cause the stock price to drop. He is nibbling and accumulating.
You need higher commodity prices for a some time to make this a good buy. He likes this company because they really addressed their balance sheet challenges. He would be careful here. The stock appears to be ending a retracement period and he thinks now is the time to re-enter.
It was short prior to this (16 million) but some are probably recovering now.
It is looking really well now, particularly if we go to a 80 – 90 dollars barrel of oil. However, they are just as reluctant to raise earnings forecasts (his FMV) as are Canadian analysts. Technical Analysis for CVE-CT There are a lot better plays in the oil patch with a relative higher risk/reward.It is now back almost at the lows of early 2016. The dividend is about 5 cents per quarter. However, he thinks this will ultimately lead to higher oil demand globally and higher oil prices. They have huge interests, not only in the oil sands, but in a couple of refineries as well. Good management and good assets. 7 analysts
Turnaround in progress. recommended to SELL the stock. It is definitely a tax loss candidate. It’s 1.53% dividend is covered. If you want yield, Algonquin Power is definitely the stock to get into.
Probably took on a little more debt than they probably might otherwise could, and diluted the equity down. There is a distinctive trend down. They are probably one of the lower cost producers in their area. Dividend yield of 1.08%.Companies in the oil sands are not exactly favourites in the market these days, and yet here is a company that really seems to have their heads around what they are doing. After this acquisition, the balance sheet is not going to be that great. Probably took on a little more debt than they probably might otherwise could, and diluted the equity down. The stock appears to be ending a retracement period and he thinks now is the time to re-enter. On 2020-08-06, Cenovus Energy (CVE-T) stock closed at a price of $6.58. They are responsible for the weakness in energy today.
They have since sold a lot of assets and de-levered.
The problem here is their balance sheet is 3.5 times debt to cash flow. They will stop oil shipments by rail because of high costs and low oil prices.
They put some hedges on and then the differentials blew out.
stock closed at a price of $6.52. We are in a range bound market, and this is going to be a company that is stuck. They have a lot of torque to the upside. The story is turning around here.
This will be at risk if oil prices remain this low for a while, but who knows?
They still have some debt, but the oil sands properties are good. Dividend yield of 1.8%. Resistance seems to be holding. The issue broke $16 and now is coming down.
If low prices continue, they could cut costs further.Has a decent balance sheet with good cash flow. There is nothing wrong from a fundamental perspective. Not a lot of upside. We had a pull back. They have new Management now with a new CEO that is on the path of right-sizing the company and its balance sheet. Market is starting to hint that dividend may be cut. If the price gets down to $12-$13, he may start to do some work on it, because at that point it will be very cheap.This company did 2 things. Unless you have the very best assets, there continues to be risk. The only buyers are a few Canadian companies. Dividend yield of about 1%.This is quite challenged at this time. They have liquidity to make it through. She likes the prospects in the $60 plus range. If low prices continue, they could cut costs further.One of the lowest-cost producers in the Oil Sands, and he recommends it even though energy has been decimated. Yield is 1.7%.
Long term debt is $7.6 billion against $17 billion in equity, so the balance sheet is in good shape.We have very depressed oil prices.
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