RE:RE:RE:Precipice of an epic rallythis company doesn't need oil to go to 100 to see double digits.
what this company needs is a C suite that knows what the f they are doing and how to control costs to be as profitable as it can
by your line of thinking. this company is worth 50$ a share if oil hits 1000$
live in today's reality. oil is at a good level. management corruption is what is holding this stock down. this company was never a quarterly dividend paying one. why all of the sudden is it quarterly?
kicking the can down the road is what craigzy is good at. in the business of making himself and his bod buddies millionaires while providing his "employees" lifetime employement guarantees.
all of this at the expense of peasants and suckers like you and I...
CashHungry wrote: Outlandish? You really think so?
First, my $12 to $15 forecast is based on oil getting to $100 next year, which I only give a 50/50 chance, although I believe the chances are more likely now than when oil was $80 because of several factors including a quicker termination of Covid lockdowns.
Omicron seems to be more transmissible but considerably less lethal. If this is the case (no guarantees), Covid hysteria will come to an end in about 3 months. Even, now with Covid restrictions in place demand is outpacing supply. Once restrictions are completely lifted and fears disappate, watch out... $100 oil might soon seem like a bargain.
At $100 oil, or let's say $90 average for '22, CPG is generating about $2 billion in free cash. Using a conservative price to CF multiple of 3.5 you have a market cap over twice of what it is today. Now, if oil stocks get rerated, which is almost a certainty, a more sensible multiple would be closer to 5 with CPG trippling in value. These are not outlandish predictions. What is outlandish are today's ridiculously low valuation multiples, which will are an historical annomoly and will not last for much longer.
BigJoe778 wrote: Personally I think your estimate is a bit outlandish. I'll go on record and say we'll be lucky to see CPG at $8 by '22 year end. Still roughly a 33% increase from today's price and far more realistic based on how the market currently views this stock. Guess we'll have to wait 13 months to see who's right.