RE:RE:RE:RE:RE:RE:Quite perplexingA debacle is a failure, a disaster! Why such doom and gloom!? Its typical market movements. Explained simply:
- Oil build
- Crude prices down
- CPG and other industry share prices also down
- Geopolitical uncertainty, viz China vs USA further downward pressure
Your reactions suggest either its going to be ceteris parabus or further disaster, But how likely are those two as well. If you think very likely then leave, sell your holdings and go.
At first you were not happy about insiders not buying, then facts are presented that you are wrong.....its the price of oil and downward pressure on price.
Work with the facts instead:
- CPG budgeted 2019 at $50 crude prices, at $60-61, it is generating excellent FCF
- Q1 2019 Earnings were excellent and average prices below Q2 2019
- Debt has been paid down and is budgeted to be paid down by at least $0.5 Billion by years end.
- NCIB shares purchases have happened. Significant amounts were given to insiders and for me that is a good thing. A. Its not cash out the door in bonuses and its creates a vested interest.
- Asschutz can cry all he wants about that, but it is infact a good thing
- Now we now Sask Assets have also been put up for sale. Once sold another check mark on the promises made by management
- OPEC+ continues to make positive intent.
- Hedge funds continue to show interest in CPG
- Analsyst are trending higher with their CPG valuations
The only negative is the golbal economy, and we have not even hit the proper summers or the warm weathers yet.