RE:RE:RE:CPG is back up in after-hours trading on the NYSESquash111, the market is inefficient and illogical - anything is possible when we are the flea on the big dog's tail. Shorts make up 25% of the CPG trades and try to move it down while we hope for a few crumbs. CPG's P/CF shows much upside but the hedge book appears to be the constraining factor. In a risk-off market, CPG is boring with low growth and the same old, same old execs/BoD.
Oilcos that almost failed a year ago are now the flavor of the day. D/CF is improving for the oilsands, cash flow is going up with the narrowing WCS/WTI diff, the Permian infrastructure is in bad shape and the OILSANDS ARE NOT FIGHTING HIGH DECLINES TO SURVIVE. Watch oilsands cas flows explode to the upside with $80+ oil just around the corner.
The oilsands will leave CPG and other frackers in the dust. It's never too late to realize that you made a major investment error. I sold 80% of my CPG and glad of it. SGY, WCP, RRX, CJ are no different.