RE:RE:RE:RE:RE:RE:RE:See I told you so...@Bpultra: Thanks for the explanation. Good luck with your trade tomorrow AM. I have looked at RECO but never invested in it as I couldn't understand the company's numbers well enough. But it is up 20 fold from its 52 week low so whoever did invest in it have surely done well.
Bpultra wrote: I hold a pretty hefty core position on both.... I will trade 2000 --3000-- and even 5000 blocks ...
I kept my reco and here is what I think may happen tomorrow AM.... the USA boys will be back.... will probably drive CPG down early and thinking reco may go the other way.. as they closed red today
will look at frankfurt to get an idea for the open... then should be able to flip again.. will see .. also keep a core and trade around it
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highalpha1 wrote: @Bpultra: Well done! Do you hold a core position in CPG or are you trading all you shares? I do not trade my core position, but I have been buying and selling a much smaller position. The shares I bought on Friday for C$5.50 I did unload today at $5.59. Made a few shekels on that trade. But day trading is not for me. When I saw the share price dip into the $5.30s this morning, I thought I would have to sell at a loss. Fortunately, the OPEC news came up and the share price moved up nicely and I was able to sell at small profit. I will lay off the day trading for a bit. But congrats to you -- you're churning a decent profit given the spreads between your buys and sells.
Bpultra wrote: Here is one such trade... bought 2000 shares of CPG at 5.48 .. was going to keep them for a bit of a ride... but sold them at 5.55 because I was able to be 1000 reco at 11.59 .. will see when I dump those
and depends if CPG takes another dump .. but that little swing trade nets about $500 bucks .. remember you can always CPG cheaper than when you sold it.. LOL
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highalpha1 wrote: @Bpultra: I share your frustration. If these oil prices last for the new few weeks, it would be terrible if they don't announce a dividend hike during Q2 earnings report.
To be fair, CPG did execute the previous NCIB (they suspended it once the oil prices tanked last March).
Btw: I don't know how you manage to day trade. After reading some of your comments, I have followed suit by buying more CPG last week. I made a few cents on two different trades, but wasn't able to sell out of my most recent purchase at $5.50 on Friday. I thought I would have to take a loss, but I have put in a sell order on those extra shares at $5.59 this morning. Hoping it will get filled.
Bpultra wrote: really interesting ... they also promised to start the NCIB... last year... and also promised to start the NCIB this year... and still no div increase.... but THEY ALWASY REMEMBER THE WARRANTS,, COMPENSATION... you see why the market hates this stock... CPG needs a house cleaning...
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highalpha1 wrote: @Bpultra: Of course they were granted rights. It's part of their compensation scheme and is given on a quarterly basis. They will be granted rights again in September and then in December. I am not saying it's right or wrong -- but it's expected if you have a look at how their compensation is structured.
Bpultra wrote: Did I say you would see the insiders grant options ... before the shareholders got an increase in div .. and or start the NCIB.... did I not say this ????????
Filing
Date | Transaction
Date | Insider Name | Ownership
Type | Securities | Nature of transaction | Volume or Value | Price |
| Jul 2/21 | Jul 2/21 | Stadnyk, Myron Maurice | Direct Ownership | Deferred Share Units | 56 - Grant of rights | 3,113 | |
| Jul 2/21 | Jul 2/21 | Munroe, Barbara Elaine | Direct Ownership | Deferred Share Units | 56 - Grant of rights | 7,339 | |
| Jul 2/21 | Jul 2/21 | Langlois, Francois | Direct Ownership | Deferred Share Units | 56 - Grant of rights | 3,327 | |
| Jul 2/21 | Jul 2/21 | Dielwart, John Patrick | Direct Ownership | Deferred Share Units | 56 - Grant of rights | 3,024 | |
| Jul 2/21 | Jul 2/21 | Lamont, Kenneth | Direct Ownership | Common Shares | 97 - Other | -6,803 | |
| Jul 2/21 | Jul 2/21 | Lamont, Kenneth | Direct Ownership | Common Shares | 57 - Exercise of rights | 13,606 | |
| Jul 2/21 | Jul 2/21 | Lamont, Kenneth | Direct Ownership | Restricted Share Units | 57 - Exercise of rights | -13,606 | |
| Jul 2/21 | Jul 2/21 | Gritzfeldt, Ryan Chad Raymond | Direct Ownership | Common Shares | 97 - Other | -6,062 | |
| Jul 2/21 | Jul 2/21 | Gritzfeldt, Ryan Chad Raymond | Direct Ownership | Common Shares | 57 - Exercise of rights | 12,628 | |
| Jul 2/21 | Jul 2/21 | Gritzfeldt, Ryan Chad Raymond | Direct Ownership | Restricted Share Units | 57 - Exercise of rights | -12,628 |
Filing
Date | Transaction
Date | Insider Name | Ownership
Type | Securities | Nature of transaction | Volume or Value | Price |
| Jul 2/21 | Jul 2/21 | Stadnyk, Myron Maurice | Direct Ownership | Deferred Share Units | 56 - Grant of rights | 3,113 | |
| Jul 2/21 | Jul 2/21 | Munroe, Barbara Elaine | Direct Ownership | Deferred Share Units | 56 - Grant of rights | 7,339 | |
| Jul 2/21 | Jul 2/21 | Langlois, Francois | Direct Ownership | Deferred Share Units | 56 - Grant of rights | 3,327 | |
| Jul 2/21 | Jul 2/21 | Dielwart, John Patrick | Direct Ownership | Deferred Share Units | 56 - Grant of rights | 3,024 | |
| Jul 2/21 | Jul 2/21 | Lamont, Kenneth | Direct Ownership | Common Shares | 97 - Other | -6,803 | |
| Jul 2/21 | Jul 2/21 | Lamont, Kenneth | Direct Ownership | Common Shares | 57 - Exercise of rights | 13,606 | |
| Jul 2/21 | Jul 2/21 | Lamont, Kenneth | Direct Ownership | Restricted Share Units | 57 - Exercise of rights | -13,606 | |
| Jul 2/21 | Jul 2/21 | Gritzfeldt, Ryan Chad Raymond | Direct Ownership | Common Shares | 97 - Other | -6,062 | |
| Jul 2/21 | Jul 2/21 | Gritzfeldt, Ryan Chad Raymond | Direct Ownership | Common Shares | 57 - Exercise of rights | 12,628 | |
| Jul 2/21 | Jul 2/21 | Gritzfeldt, Ryan Chad Raymond | Direct Ownership | Restricted Share Units | 57 - Exercise of rights | -12,628 |