Cenovus Energy: One Of My Best Ideas In Oil & Gas
CVECenovus Energy(CVE) Seeking Alpha·2024-08-04 22:10
ImagineGolf All financial numbers in this article are in Canadian dollars unless noted otherwise. Please note that oil and gas prices are always in U.S. dollars. Introduction "Nobody" is bullish on commodities anymore. As reported by Bloomberg on August 2, hedge funds (money managers) have turned bearish on commodities for the first time since 2016. In this case, "bearish" is defined by having net short positions, as the chart below shows.   Bloomberg This is absolutely fascinating, as 2016 was a horrib ...