RE:Re: Some high volume days@soundandfury: As my other posts would indicate, I am very bullish on CPG. However, I don't think we will ever hit $20. I will just address one point you made. CPG's current asset base probably does not have much more than 10 years of inventory depth using their current output metrics (i.e., 132k to 136k boe/d). CPG managed has disclosed, for instance, that the newly acquired assets in the Duvernay has an inventory life of 10 years. Their existing assets in SK and ND are already long in the tooth and so they are using waterflood technology to extend itheir existing assets' production life. CPG does not have long life assets (companies holding long life assets would be the likes of MEG, ATH, CVE, CNQ, & SU). For CPG to have drilling capacity beyond 10 years would mean that they would have to buy new and large assets, which they would have to fund by tapping the equity markets or diverting funds from shareholder returns (which likely would be detrimental to its share price).
For these reasons, I don't think $20 is in the future for CPG, but in this case I hope you're right and I'm wrong as CPG is by far my largest position currently.