Today $cve hit a 52-week high. I'm holding here. I think they'll have more upside when they confirm that they've hit there debt target sometime later this year.
@BeegJj Cenovus has been burning investors on the debt reduction target since humanity has been burning coal
@BeegJj My 6 largest holdings are PBR SLB CVE APA SU & XLE in that order. 10,000 shares CVE and 5,000 shares SU. I’m holding for the TMX upside and debt targets. I feel like there’s more room to run. Seems like China wants Canadian oil.
@BeegJj Hey Beegjj. I’ve posted b4 about selling 1/2 my position in CVE a little over $30 back in June/2022. With that pullback I have repurchased ~ what I sold. The balance sheet is much improved since 2022 and a dividend has been added. I expect the dividend will be increased by y/e.
@BeegJj I sold a third of my position last week In CVE and even more in SU and CNQ. Getting a little frothy and I have rode to many peaks and valleys In oil. Waiting for some increases in CJ, WCP, and FRU before I trim those. Overall I have taken waiting from 55% to 35% in oil.