RE:RE:Over $500,000,000 Free Cash and the HedgeThat's a real case. But how does that relate to sell off triggered by a downturn in oil prices? I think for most retail invetors, they only relate oil companies to commodity prices. And while you say they're a large company, their market cap doesn't reflect that right now.
And, I agree with you completely on the macro for oil. But the market meta for Canadian oil companies right now is share buyback. CPG has ample free cash to do so.
I'm not 100% sure I believe it but a recent Market Beat article said that Ninepoint made a large investment in CPG in late April. I don't see the storm clouds.
As I'm typing, I'm watching the share price tick up with a volumes exceeding more than 100,000 per minute. Early market excitiment. At least I'm not alone.