RE:RE:RE:CPG caught in perfect storm?Anschutz: It is pretty tough to hold cpg at the moment with all this October noise. I stay focused on the fundemtals of the market and that of CPG.
Oil at 70 for me allows me to sleep at night knowing that CPG is profitable today and will be even more profitable when they chew away at the lower priced hedges.
If we add the bull theises that Erin Nuttall and others are saying for oil prices and add the roll off of lower priced hedges, CPG will continue to grow positive EPS quarter by quarter. Add to that my pessimistic belief the 50% of thier plan actually gets executed in next 12 months still bolds well.
So I try to stay away from the boards and the news and let time work this out.
Will keep adding when time is right. Permanent vacation is only $13 bucks away for me.