Well, well, well…. What a great Leadership team we got!
8 replies (most recent on top)
@7nhm+1fcQ1BeI Jeff, I guess we do not need a C suit because the market will determine the price of CVE?
Amazing how little people understand about the equity markets....downvoting me only reinforces the fact that you have no comprehension of the subject...to think that people think that the leadership team sets the stock price!!!!
Hey look at the stock price 3 days later lol....clearly someone doesn't understand the markets...
The only thing UP will be management and executive bonuses. Can't wait for the Management Information Circular.
@klw+1fcQ1BeI I bet you work in HR or IT
Quote below: “The market sets the share price, not the leadership team”
As a Cenovus investor, I sure hope that was not a post from a senior person in the organization.
Cenovus (NYSE:CVE) posted disappointing earnings before the bell Tuesday, with a loss of $0.21 per share, against Street expectations for earnings of $0.39 per share. Although oil prices were up QoQ (WTI +~$7, WCS +~$5), realized prices in the oil sands business were only up ~$2. Paired with a number of other operating headwinds, free cash flow came in at $1.1b in Q4, down ~$600m from Q3. The dividend was unchanged.
The market sets the stock price, not the leadership team.