TSX:CVVYOil and Gas
Cavvy Energy (TSX:CVVY) Stock Faces Valuation Questions After Cash Flow Surge
Cavvy Energy stock has slipped about 1% over the past week and still trades near CA$1.90, even after a punchy Q2 earnings print that turned a lot of heads. The market move has been muted so far. The headline is much louder. Net operating income in Q2 landed near CA$50 million and funds flow from operations hit about CA$42 million, driven by record sulfur pricing and stronger midstream fees.
For short term traders, the reaction might look underwhelming. For anyone thinking in years rather than...