CPG Performance + VolumeNice performance today. Up more than any other E&P stock I follow on the TSX (I follow about 20). As importantly, today was the first day in about two weeks when we had higher than average volumes, which is an important bullish indicator.
It hit C$5.40 early in the trading day and hit it again numerous times near the end of the day -- unfortunately, CPG wasn't able to break that wall although it closed just shy of it. Hopefully it breaks it sometime this week.
EN posted his chart (see below) again today. At $70 WTI, CPG is the most undervalued stock on an CF/EV basis in Canada among those producing more than 50,000 (boe/d). In terms of free cash flow yield, it is the third cheapest among those producing 50,000+ ( boe/d) -- only behind MEG and BTE, although CPG has a much better balance sheet. Good luck all.