RE:Escalating crisis at Credit Suisse triggers fresh fears This is the biggest buying opportunity I've seen in a while. Been in this for a long time. Got in when it was high and stayed when it went down. Management has it right now and the shares were at $10 and ready to go to $15 over the short to medium term. Company not highly levered with superb netbacks. Cash flow is amazing. Management bought recently close to $10 a share. Anyone with a perspective longer than a couple of days will realize this is one of those rare times at sub $9 a share. I picked up some today as it is stupidly low in price.
What effect does Credit Suisse and the general banking problem have to do with CPG? Nothing really. They are a general malaise occurring in the economy. It'll either be fixed or the entire world will be in trouble. I think they'll fix it as they've done in the past.
If you believe that oil has been overpriced at around $80 a barrel then this is not for you. If you think oil has been dragged down to $67 today through nothing but fear then you'll see the opportunity. The world still needs oil and other fossil fuels as there is no realistic alternative that exists. And right now productive capacity is not in surplus. Companies like CPG will pump and get paid handsomely to do it.