RE:I really don't understand the oils these daysWhile the oil and gas companies are still undervalued, it is promising to see some of them showing signs of life. I own a truckload of CPG. It has gone up 8 days in a row for the first time in a long time, and today it closed at the highest closing price in the last 52 weeks. Its still undervalued (as is ARX), but going up more than 25% in the last 8 sessions isn't too bad.
ARX is a fantastic company, which I bought in the high $7s and sold at $8;90 a couple of weeks ago. I sold to buy CPG when the value proposition appeared more promising in that company. I will be looking to trade out of CPG and buy back into ARX in the next little while.