RE:CPG very much undervaluedAgreed it is grossly undervalued. PE ratio is only 2.2 or less. Energy industry has PE ratio between 17-24 currently ( MEG,SU,CVE etc). to match half of lowest PE CPG's share price should be more than 4 times current price (around 30 dollars) on account of:
1. Cash flow of over 1.4 billion a year
2. Share buyback of 150 million dollars up to second quater
3. Divident payment of close to 140 million
4. Debt reduction with 70-75 percent of cash flow
5. Next year end company may be debt free....
5. Tax losses of 10 billion dollars available, so no tax for few years