RE:Cpg stupid cheapOf course CPG is cheap . Every one thought it was cheap at 8 but here it is now at 4 and change. So the question is the Canadian o&g sector going to respond to higher oil prices? Nope . Not until there are sweeping changes in govt. in western Canada and Ottawa that are on a climate change crusade undermining the industry and are driving the negative sentiment in Canada.
Expect the sector to languish and muddle through all next year until the federal election and then pray and hope for a change.