Post by
JTDOUBLE on Oct 22, 2021 12:24pm
With Reports coming next .
Week , probably last time you see Cpg on low 6 bucks!!
Good chance we move to 7 bucks area after the report !!
Oil on bull run , might as well ride the rising tide rather than swim against it !!
Comment by
CdnOilObserver on Oct 22, 2021 1:36pm
$7.00 to $8.00??? When oil was last at >$80 - what was the value of CPG? Typically with the share price - there is leverage to the price of oil. This leverage has totally disappeared. What did Nuttall say this past spring at $80.00 WTI Oil CPG should be $12.00 to $14.00???
Comment by
JTDOUBLE on Oct 22, 2021 2:06pm
Expecting at least 10 bucks with oil at this level 80-85 .. The earnings capacity with oil at high 80 could be a least 35-50 quarterly.. EPS would be just low single digits .. With dividend of 2.4% annually , with this revenue gorwth should be at least 12x bare minimum.. At 6 bucks still a value play , instead of a growth play here!!
Comment by
Anschutz on Oct 22, 2021 2:40pm
Or a bid for a hostile takeover. LOL.