RE:Food for thought..
After second quater results on 27th July PE ratio will further go down. CPG is firing on all four cylinders.
1. Good cash flow of approx 1.5 billion a year.
2. Debt remaining 1.8 billion (can be paid of in 15-18 months)
3. Hedges will be only 5% left by year end
4. 150 million dollar share buyback
5. Dividend payments approx 110-120 million dollars (10% of cashflow)
6. 10 billion dollars tax loss available
7. 2 billion dollars credit line.
8. Share count reduced by 13.5 million shares by April end
If oil price continues above 100 dollars average it will be a win win situation
sitting like a lame duck target for take over