Post by
MarkDRichards on May 14, 2021 8:34am
Over $500,000,000 Free Cash and the Hedge
I'm wondering why the stock price ticked down in a response to oil price decline. The flucuating price of oil won't impact their anticipated free cash becaue of their hedging strategy, as if they were not hedged.
"The Company is expected to generate significant excess cash flow of approximately $525 to $650 million in 2021 at US$55/bbl to US$65/bbl WTI for the remainder of the year, providing an increased opportunity to further enhance shareholder value."
"These hedges primarily consist of swaps with an average price of approximately CDN$65/bbl."
I see you guys compaining about executive compensation and loss on a disposition. While those are things that certainly exist, the free cash of over $500,000,000 means this company can easily pay down the debt, buy back shares and eventually boost the dividend.
With no aquisitions planned they will be pulling in significant cash this year. The bull case, especially over the medium-to-long term is strong. I'm long on this one and I haven't seen anything to make me want to review my position.
Comment by
Bpultra on May 14, 2021 9:44am
============ wait its early .... just like this BB for the most part is negative ... the funds and big boys and deep pockets also take this same view.. if you can grab a div with the same investment elsewhere then why wouldn't you.. right now CPG is a dog ... and Mr Market is saying so..
Comment by
Backinblack1000 on May 14, 2021 9:49am
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Comment by
Backinblack1000 on May 14, 2021 10:04am
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Comment by
iownbmw545 on May 14, 2021 9:49am
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Comment by
Bpultra on May 14, 2021 10:34am
=========== I do not consider discussion .. bickering... unless if you feel someone doesn't feel the same as you .. then you consider than bickering .. that being said why isn't this stock over $6 never mind trying to climb the $5 wall.. because it is hated ..and until that changes the SP is not going to either
Comment by
Chad123 on May 14, 2021 11:15am
Highly likely that it will NOT change. CPG mgmt just hopes for new investors to buy into their sh!t. I'm pretty sure there is another run coming for oil stocks...unfortunately there is also a high probability of a crash coming.