RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CPG's NCIB programI rewatched that video, it looks likley that he was jumbling some of his numbers so we don't know what his price target was actually based on. It's too bad. As for me, I'm in this long term, and you need to understand contextually, my target price is contingent on a few things working out.
It depends on how rapidly these things we discuss take to materialize. $6 is not a good sell price, in my view. Current ratings are pushing up higher, closer to $7. And, $6 be a good sell price in my case, as that's around my break even point. I'm also likely to stick around to see what they do with all that free cash. $6 is a trifle.
highalpha1 wrote: @LiquidOctupusV2: When Nuttall gave the ~$C15 price target for CPG, he made two assumptions: 1) $80 WTI, and, 2) CPG trading at a multiple of 4.5x (as compared to today of just over 2.5x). I think that there is a lot more appreciation to come for CPG's stock price. If Q2 earnings show that the Duvernay assets are being integrated smoothly into the company's portfolio and that the output iis above the high end of 2021 guidance of 136,000 boe/d, which I think it will be, I think this stock will re-rate and stock price will move up considerably. I plan on sell 1/4 of my position in C$6 range as I have said before, but that's only because I am holding way too many CPG shares currently (relative to my overall portfolio).