RE:KaybobI dont know. I never guessed the price of oil would go this low and with the commodity price so goes the stock price. There are alot of people and funds and governments hopeful that this whole price/market share war ends but simply put there are too many barrels out there. Still 75 rigs drilling in ND and Montana. What?
Ever try to sell 3 ice cream cones to 2 people on a hot day. If you had 2 cones then you have something to work with.
We made money at $30 before but there will be lots of pain and time before that can happen again.
CPG has always just done a bought deal when things get tight. A bought deal at $15 would not sit well with anyone.
I am a realist and have done ok investing by looking at reality.