Thank god they did not buy XTO Energy at 1.9 BillionIf they had bought that then debt would have increased quite a bit. Now CPG will be debt free before the end of next year and then gravy will be distributed between less number of shares (after buybacks). No other north american company has PE ratio around 1.4, paying down debt, buying back shares, giving dividend (measly but still it is there). On target to achive debt level below 1.3 before the end of 3rd quater (within 85 days as 5 days have passed) to increase dividend. Wareen Buffett is investing in Occidental Petroleum and Suncor. He says "dont buy a farm thinking that it will rain next day, he buys it for 4-5 or more years to average higher returns.