Post by
highalpha1 on Jun 26, 2021 8:38pm
CPG range bound...for now
I'll echo some of the sentiments expressed by other posters on this board about CPG's share price. Although we had a nice cumlative pop this past week of over 10%, CPG continues to trade at a substantial discount to its peers.
Like others have suggested, I think that once we break $6, we may quickly go up further from there. There is a relatively high short interest in this company and as some of the shorts begin to cover and others begin to buy in, the price action will move upward quickly.
As I have indicated before, I have a substantial position in CPG. I hope to sell 1/4 of my position in the C$6 handle and hold my remaining position for some time longer.
Comment by
LiquidOctopusV2 on Jun 27, 2021 8:33am
I concur. The div should get a meaningful increase. I've seen 1800% mentioned. Either way, got to be be patient.
Comment by
Moemoney42 on Jun 27, 2021 11:30pm
Although I wouldn't balk at that type of divi increase I really don't think its realistic.. I think we'll see small steps going forward.. and I agree a 100% increase is rather pewny, but its a first step in the right direction.. I think the most we can expect by the end of 2021 is 1 cent/quarter.. I hope I'm wrong though.. LOL.. ;-)
Comment by
highalpha1 on Jun 28, 2021 10:06am
@Moemoney42: Unfortunately, I agree with you. Although CPG can easily afford a reasonable dividend, I don't expect the uber conservative management to announce a significant raise to the current dividend. Nonetheless, if the debt-equity ratio looks more appealing, share price should move up.
Comment by
Bpultra on Jun 28, 2021 10:23am
then expect the SP to drift lower ... the shorters seem to feel like you... and they seem to feel they have time ... this is where the insiders need to surrprise them .. but if history is correct they do nothing =============
Comment by
Bpultra on Jul 02, 2021 10:42am
Did I mention it would drift lower??? until the shorts get their fill or the insiders do something .. ANYTHING .. here we sit.... UNDER 5.50 WITH $75 OIL... and you guys say management is doing just a great job....hi 5's all around... ??? ===========
Comment by
highalpha1 on Jul 02, 2021 4:48pm
@Bpultra: Thanks for the explanation. You're using the fact CPG is rangebound to make some money, selling when it hits the top end of the range and selling when it dips. Smart. I have tried doing this as I indicated earlier but haven't made the type of spread you're hitting. Thanks for sharing when you buy and when you sell.
Comment by
Anschutz on Jun 29, 2021 4:15pm
There... fixed it for you.