I have watched the stock price continue on an upward swing. This is awesome, but does anyone have real info on maybe why all of the sudden the4 stock is climbing significantly - is it because of the layoffs and savings the board see , synergies plan or something else.
I would be quite interested what you all think is going on here........
lol you work at an energy company and yet have no fricking clue why the stock moves....time to learn or move on.
If you can't figure out why on your own you should have been let go many rounds ago
Stock should hit 20 by year end.
Price of oil. Deep cuts. Greatly understaffed.
investors could care less about the merger. This company is tied to the oil price unless we get a major return above the market adv. Theoretically, if superior comes online we should see a bump in the stock price, however that assumption is likely already priced in with long term investors.
Moreover the biggest issue with CVE is that it has a majority owner (if you say otherwise you are fooling yourself IMO) and when that happens most investors stay clear of said company. As such CVE will likely be a stock lager compared with its peers and in a few years (provided the company still exists) there will be more talks about how 'undervalued' the company is. Or maybe I'm wrong and CVE will go to the moon!!!!
The leadership team will take full credit for the rise but in truth it is 100% due to the price of oil.
Ah it’s because the oil is going up. All the oil stocks are going up. Nothing special happening at CVE.
Pfm man, it's following the price of oil