Investment banks keep dumping their O&EG stocks. Today Canadian banks will follow suit with a unanimous decision to follow Mark Carney, the new Climate Banking activist at the UN, to fund a net-zero banking alliance. The big banks will continue to liquidate their O&EG stocks in Canada. The only way out is for CPG to buy back their stock.
K
Don't forget when oil was this high CPG was trading at $40. CPG has acquired more assets since then, extremely undervalued.
d
Strange price action. Oil is up and this continues to sink. Lets see.....selling at half book price....produces only light oil at WTI pricing (not subject to WCS $).....no transportation issues....low hedge rate (and getting much lower with Shell Kayboob acreage on board as Shell....like most majors....doesn't hedge). Printing $ at $80 oil. Ok so lets sell when trading at half of book? You know guys....you can make more on the upside with this one than downside if you show a little patience.
Question is simple....who in their right mind would sell this stock with so much going for it. Suspect the problem is day-traders moving in/out of stock for pennies on the dollar. Management really needs to do a better job attracting institutional investors IMHO.
h
Can any of you smart investors compare CPG to VET. Confused about which one is the better stock?
r
We needed this correction for the next run upwards. I was able to sell some poor preforming stocks to load more CPG. I expect to 2X by December and 3-4x by March 2022.
X
Don’t worry about the headlines saying, OPEC cuts their world oil demand forecast for this year.
All they did was revise it down by 140,000 bpd.
Won’t make a difference, so don’t sweat it lol.
O
CPG was my top earner today!! Cuban Cigars for Ev1 !!
T
I need help. I'm holding very large amounts of CPG stocks large is my pension money what to sell or hold. please let me know what to do. THANKS
m
All of the action yesterday was due to small retail investors. Today, the big boys are back and clearing out all of the stop loss orders. Tomorrow will be a big up day.
I
CPG is number 10 on seeking alpha.... toppp
T
100$ p.b
A
Today's price action in Canadian oil companies is an example of why companies move to US. This is exactly why Encana after 70 plus years moved drom Canada to US and changed its name in Jan 2020. Their SP has gone from $2 to $40... For some reasons Canada is not investment friendly... What a shame
j
Looking this sectoral bull are growing some major bullhorn!! Keep tight here last bull in sector lasted 10 years.. from 2002 to 2012 !!
r
6 months ago I said oil would hit $80 a barrel. This week Brent will hit $90.That has go to do something significant to the price at this point.
R
Love CPG!
S
down 13% from last week high is way overdone while oil hardly moved. at this oil price this company makes tones of $$$$
G
cpg... or vet.... opinions?
S
oil above $78 again. US played out all cards, emergency reserve release, export ban, and didn't work, for now. I wonder what will happen now. $100 oil in site.
K
Oil rose to a new seven-year high today. Imagine not buying this?
https://oilprice.com/Energy/Energy-General/Canadas-Oil-Stocks-Are-Trading-At-Bargain-Basement-Prices.html
Question is simple....who in their right mind would sell this stock with so much going for it. Suspect the problem is day-traders moving in/out of stock for pennies on the dollar. Management really needs to do a better job attracting institutional investors IMHO.
All they did was revise it down by 140,000 bpd.
Won’t make a difference, so don’t sweat it lol.
toppp