RE:CPG increase when oil was $30s, $40s, $50s, $60s, $70s, $80+JamesT wrote: Can someone explain to me how come when oil went from the $30s, $40s, $50s, and $60s this stock shot up 50% to even 100% in each intervals, but when oil went into the $70s this stock is flat? Not all Canadian energy companies followed the same trend (ie. MEG, BTE, CJ, BIR and many more).
I would hope that if oil goes into the $80s or $90s we would continue the 50%-100% uptrend but my confidence is being shattered.
=============
well there are a ton of reasons.... we have USD/CDN dollar differentials that will raise or lower CDN side without reason as you get the arbitrage trade group… the shorts piled on here again thick and heavy.. why.. because the insiders have to present given them no reason not to… they can change this… a div and NCIB… but they at present choose not to…. then look at the hedge .. and swap/collar set up… very possible we have shorter playing both sides of that play…right now there is better places to put your money for a better and quicker return…. The insiders can change that… they need to surprise the market with something other than giving themselves a bunch of warrants… will they do that… CDN’s need a scare .. IE much higher fuel prices so the tree huggers are scared back in the forest ..and the average Joe puts pressure on the dope smoken politicians that believe we can leave fossil oil in the ground to help the trees grow…. And we need another oil customer than the USA .. we need tide water sales and tons .. once we get some of this dealt with you will see money flow back into CPG but right now… the shorts own this stock .. the insiders can help change this ..