RE:New hereI don't think anyone is ultra bearish. This stock I think is tremendously undervalued. Unfortunately for retail investors, realising this stock's value is a fustrating and long lasting endeavour which causes people here to complain.
I think the play here is if you think oil is going to stay consistenly above $70 for the next year or two. If oil can retain its value and CPG gets it debt ratios in order they'll start buying back shares and issuing dividends.
1001001 wrote: Hello! Ive been watching this back and forth for a year or so. I noticed some here switched from CPG bulls to ultra bears. Can i inquire as to what had changed this last year to justify the new hard stance? Im thinking to invest in CPG. This earnings report Balance sheet looks really enticing at >65$ wti . Let alone 75. Fair disclosure. I owned CPG last year but bailed because of lousy diviend. Thx!