RE:CPG seems to be raining cash over the next yearNow couple that with the real possibility if oil continues to rise, that they may be able to reverse the write down on assets to reflect a new asset value with higher oil prices and it will be off to the races with share price increases... ;-)
juvefooballclub wrote:
The company issued FY-2021 guidance just the other day that remains essentially unchanged from earlier statements regarding Q-4 expectations. Production will be in the 108-112K BOEPD, at a liquids rate of 91%, and the capital budget is fully funded with $40 WTI. And, here is where it gets interesting and potentially accretive to earnings in the year to come.