OTCPK:AETLF - Post by User
Comment by
ufoolmeon Jan 17, 2016 12:39pm
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Post# 24466408
RE:Buy CPG
RE:Buy CPGDon't buy this CPG hype. They are in the same trouble as all the other producers. 65000 bbl of hedges expired Dec 31. They now have about 65000 bbl hedged at just over $80 CDN. That's about $55 US. So while it is good, it is not going to keep their share price up. With over $4 billion in debt, which increased in the past year by about 33%, they will almost surely cut their dividend.
When that happens, look for further weakness. They are down from highs of over $40, and will be
below $10 within a month unless oil price turns upwards, which does not appear likely any time soon.