RE:RE:RBC's $8 Target It wasn't long ago eric was talking his book and telling everyone to buy CPG as he dumped it.... so I have learned targets are just that ... its like throwing a dart some times you hit and sometimes you don't.... again once there is an increase in Div .. and NCIB started and turfing some insiders then you will see this thing spike .. until then the shorts love this stock and you have to ask why.... one answer is you seem to be always able to buy CPG back cheaper
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LiquidOctopusV2 wrote: I think the average investor wrongly understands the climate conference as a bearish signal. Frankly, the more these worthless politicians double down on all their nonesense, the more likely an all time high oil price becomes. I hate it as a citizen and as a consumer. But these clowns are the best hope I have of turning CPG into a 5 bagger.
As for the price, I keep saying $11-14 will be reasonable in the near term. Does that seem unreasonable to you?
CashHungry wrote: As a value investor it is sometimes difficult to make sense of things, pariticularly when stocks appear so mispriced. RBC has a target price of $8 and outperform rating for CPG. Sounds good, but how realistic is their $8. I would say not very realistic since it appears to be massively under estimating the likely upside once sanity returns to the market. Looking at the chart below CPG's EV/DACF multiple is forecasted to be 2.0 at the end of '22. If CPG's mulitiple was only to expand to match their peers 2.8 ( an extremely low multiple by historical standards), CPG's stock price would work out to about $8.5.