Post by
juvefooballclub on Jan 24, 2021 6:38pm
CPG seems to be raining cash over the next year
The company issued FY-2021 guidance just the other day that remains essentially unchanged from earlier statements regarding Q-4 expectations. Production will be in the 108-112K BOEPD, at a liquids rate of 91%, and the capital budget is fully funded with $40 WTI. And, here is where it gets interesting and potentially accretive to earnings in the year to come.
Comment by
Moemoney42 on Jan 24, 2021 10:21pm
Now couple that with the real possibility if oil continues to rise, that they may be able to reverse the write down on assets to reflect a new asset value with higher oil prices and it will be off to the races with share price increases... ;-)
Comment by
ThatAlbertaGuy on Jan 24, 2021 10:27pm
how do the /wallstreetbets kids do it ? lol let the price climb :)
Comment by
Backinblack1000 on Jan 24, 2021 11:08pm
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