CPG positiveBeing from Saskatchewan I know what CPG is and what it is to become- there is no oil stock with the growth opportunity of CPG. I know the BTE and CNQ facilities around here and they aren't expanding, in older fields, no real growth. My parents own it, my brother, everyone I know owns it.
I left CPG and went into twf.un a few weeks ago to try to play the japan rebuild, they were bought out and I'm back into CPG today. I've watched CPG the past week and got lucky with the oil crash. I think the technicals are really good for big up, though it could test a low $43 or even $42 before going back to the $47 and $48. I think with oil prices testing and moving higher, lower oil inventories, no shrink in gas demand, future doubling in their production, there is no real reason why CPG is holding at these low levels. I don't have doubts about the dividend, if it was to be cut they would have a couple years ago. I think people will take the weekend to look for opportunity, see this one, and will open with a bang on Monday, especially if we see Syria heat up and Lybia continue and oil can hold or move above $110.