RE:On the road to 60$ wti sooner the better CPG.TO is at $4.00 - down $0.06. Oil - WTI is up, $58.57.
Whether WTI hits $60, you still won't see CPG hit $5.00 - there is too much selling pressure - resistance is low $4.00's - Management need to show that the changes they have under taken are being implemented, debt must come down, NCIB must be happening... head office expenses must be reigned in, they need to be more nimble. And really, they need to get some air time on BNN, or a road show to promote the company. Institutional will be selling: pension funds, mutual funds, etc. They need to get ahead of this and stop the selling.