As long as WTI is above $60 CPG is goodFrom a fundamental business standpoint, CPG is making the exact same money as it did a month ago when WTI is the same price. The only difference now is there pessimism from covid cases rising around the world instead of optimism of mass vaccinations from 1-2 months ago.
I think there should be a floor on WTI going too far below $60 as OPEC will most likely support prices. Its a matter of time before Covid is behind us and optimism returns. Hopefully this happens sooner than later.
That being said. Management is retarded if they are not doing buybacks when the stock price is low.