It's About U.S. ShalePeople seem to forget that CPG is a North American oil play, which means it is most sensitive to the WTI oil price and competes with U.S. shale plays....it wasn't Saudi oil, or Brazil, Colombia, etc. that has caused the oil price drop.....it was the ability of U.S. shale companies to develop technologies and efficiencies to profitably extract shale oil and gas at lower and lower price points.......the big problem for CPG and other Canadian oil and gas companies is that U.S. shale plays can stop and start up again much quicker than oil sands or conventional oil plays, so if the price of oil gets lower, some shale producers will slow production / supply, but as soon as oil starts to increase in price again, they can increase the flow of oil into the market, thus keeping a lid on how high the price will go....I think $50-$70 oil will likely be the "new normal" range for WTI, and CPG will have to compete with U.S. shale producers in the race to find efficiencies and/or develop new extraction techniques to lower costs and improve output......at least until new pipelines are built to coastal waters so Canadian oil and gas companies can ship their wares overseas....then again, the U.S. may beat Canada to the punch there as well and oil and gas companies in both countries will be compete in shipping oil and gas to other continents......