McCreath on BNN this am---said...CPG excels at $75. to $80. oil, but oil isn't going back there.
---reserve growth up 2%, but on a share basis it is down 5% on an absolute basis.
---doesn't believe that there is an activist shareholder accummulating.
---issuing equity works in a $75-80. oil price, but not in a $50-55. oil price which we have now.
---they will do OK, but you buy CPG for yield not for capital return.
that being said we the retail investor will not agree, but we don't make a mkt in CPG hedge funds etc. do & it is their opinion & what they do with their money counts more.
---sure speculators can boost share prices temporarily, but they all suffer from A.D.D. & will lose interest if nothing fundamental supports their view & the SP will resume its downward trajectory. Hopefully something fundamental occurs (beyond this earnings report which is afterall history).
carlos