With oil trading at 102WTI and Europe looking to replace some Russian supply a little bit at a time , I think that even with some demand destruction we have a market that justifies oil above 90.
There is always a point , and the ones who post here regular have commented on this when .......
but when oil goes down day after day , and then even on down oil price days , we have up days in the share price.
This is where buyers step in , and reality not speciation take hold. It's a swing , like the last few , and we may head down a little more ., but the value is probably above 9 This is a over shoot as always .
If your longer term , then your dividend on your original investment is substantial !
I mention dividend ( management being so quite does irk me ) but the gun has its chamber full of bullits . They are going to for sure raise the dividend prior to next dividend date , likely at earnings. This will not hurt the share price.
There debt is being paid down heavily , but I keep hearing the hedge argument ? I haven't heard anyone suggest in there demand destruction theories , that the hedging CPG has actually begins to be a good thing ?
Just one sided , I won't lie I am definitely a positive pumper, and I hold a substantial amount of shares In relation to my other sectors , but I am not a fan of this management . I feel there is something wrong at the top , or and my hope is , there going to merge with another player .
I don't know , I like the name , I hold it I think we are going higher , a lot higher before summer , and yet I don't like management
I would be buying all I could at these prices . You will be have substantial kick ( 10 % ) in the next 10 - 15 days .
Then we will see what the earnings of other oil names look like this week , and we can all begin to get a idea of how the industry is doing
One last thing , CPG makes $4 dollars more a barrel than WCP I believe per barrel Yes per barrel
Whitecap is my other major holding .
Lastly didn't the banks just suggeet ( Morgan ) 130 dollar oil long long term
Most everyone is NOT suggesting lower oil prices over the long term . So my inflation argument and I am no economist , is that , Oil , gold , and other commodities are the only way to really keep up with inflation . You know if milk is a commodity, and you think your ritch because your house doubled , but Milk doubled to . You have the same buying power . Your no further ahead so to speak
So owning a commodity is going to hedge your inflation
Good luck
c