RE:RE:RE:RE:RE:Shall we see $9.00 today?Looks like we will see $8.50 instead of $9.
Even though oil is up, the market seems to think that CPG is still overvalued at these prices, which is why it’s going down.
It is clear to me that CPG will make new lows, probably in the $7 range, even if oil fluctuates between $65-72 as it has been doing.
There is simply no investor interest: This is clear by the earnings call where for an entire year, only 3 questions have been asked. It is also clear because the stock has been moving down while oil goes up.
Investors who want to be in energy have abandoned the name and have invested in US names, as well as SU and CNQ.
When oil goes up, watch the US oil names. They usually go up 3x percentage-wise. Follow CRC, WLL, EOG, PXD, and more.