RE:all time low ....Frank007 wrote: it is ....when oil was trading at $50 this was an $11 stock ...don;t be discouraged ...it is just the market manipulaters ....heges in place at $78 ....40% and us production ....plus u s prodution ...growing ...and the yanks need the oil ....
Frank007, you must be the majority owner of CPG now. Considering you've been buying every single day, you must have a 60-70% stake, right?
Do you think the stock is being manipulated or are oil prices being manipulated? Perhaps none of it is being manipulated. CPG's own results show that CPG loses money under $65 WTI and with normal differentials. WTI is now at $60 and differentials are very wide, thus it is losing money hand over fist. Why should this be an $11 stock if it constantly losing money?
WTI (and not Brent, because Brent is irrelevant to CPG) will not hit $80 anytime within the next several years, if ever. There is too much production in the Permian happening.
CPG stock should essentially be worth $0. If a company cannot make money, it is worthless.