TMF, #energy cannot be printed. An agreement will not replace what has been lost. Recall investment has also been stymied for the past decade. Why you are seeing investors step in to add quality stocks.
Thank you #OOTT#EFT#COM
$CVE Cenovus Energy ...Not Hedged like $OBE Obsidian Energy and planned 2026 at WTI $60
At US$90 WTI (+US$30 vs. the $60 budget case), this implies...
C$6.6 billion higher annual AFF than the base case.
If #energy investors have been paying attention, this is a quiet confidence since 2020-2021. The thesis is exactly the same but now timing has accelerated. Thank you.
Energy investor. Sunday night. Turns on computer. Any resolution to US/Iran conflict? No. Any re-opening of Strait of Hormuz? No. Checks math - Another 70-90mmbbls production lost/inventory drawdown? Correct. Turns off computer. Stares out window with quiet confidence. #EFT#OOTT
+$22/share after the tweet below. Retrospectively, they absolutely fuckin stole $MEG.TO ,to the haters from last year…you must pause and reflect. Good work $CVE.TO 🫡🪒
Another note on CVE from folks at Scotia. This is for the folks that thought spread between physical and paper oil was fantasy...
*On the East Coast CVE is capturing the disconnect between financial prices and physical prices with some sales exceeding Brent by $20-$40/bbl.
TMF, many did not believe the thesis. Now there is no choice. $CVE $WCP offer among the best risk reward for #energy that Canada has to offer. We need Canada.
Thank you #OOTT#EFT#COM
TMF, #energy markets and #energy stocks may diverge in performance for periods. The mindset of company management has not. Rig counts down, crack spreads up. Balance sheets cleansed.
Life after war provides for growing demand with less supply. Long Inventories will be rerated.
@Merlice1 You will do very well. Our administration will need your energy more than you know so expect that realization to come true in the coming year or so. Thank you.