oil demand will not be going down even with a recession, it may take some time for that to be proven out. Oil company profits will continue to increase through next year and beyo nd.
Current buyers will be rewarded
U
To all the folks that picked some more up yesterday well done
S
National Banks Travis Wood price target as of 6/16: $17.73 USD
A
this sell off makes zero sense... companies are minting money at 85 dollar oil, never mind 106....
b
How can an oil company be losing money?
A
This is trading like oil is $50. I don’t know what’s going on but something is fishy! Someone bought a ton of July $10 calls us money 😳
A
the overeaction of oil and gas stocks is frustrating. Lost 31% since I bought. S&P 500 and oil and gas lost only 10% since the slide began. Meanwhile these stocks are still making a ton of money as far as I know, we will need oil an gas in the foreseeable future. So why are shareholders the only one not profiting in this situation?
D
Glad I added on Friday!!!!!!
T
Oil in the $115 range seems like a sweet spot to me. Limited demand destruction and 50% higher prices than the most optimistic projections in the CPG investment overview. Thought?
a
buy buy buy, fundamentals not changed. there is shortage. Oil will be over $100 next decade. even now the P/E is 1,5 and CPG making money. will make money. US and EU has no choice but use Canadian Gas and Oil.
g
As on June 22, 12.30 pm, crude oil is down by 3.11%. CPG is down by 8.53 %. I am at lost !!!
C
The sell off in these energy producers is perplexing. There must be a lot of fear of lower pricing and/or margin calls occurring. I'm holding for net debt target days (CPG, VET).
R
Time to get back to the slow but steady climb to usd $12 - $15 by year end and beyond in 2023. A 26% correction over the past 7 sessions is gut wrenching but it will end soon if not now.
D
Time to add again this morning,, my opinion
R
This might go down a bit more. Not worried though. 200 day line is rapidly moving up to meet it. Won't take long for this to recover. If I had more cash, I wouldn't hesitate to buy more over the next 2 weeks. Buyers will be handsomely rewarded. Hold tight from here on.
Cheers
S
This just ensures that there won't be any increases in production which will lead to even higher fuel costs. Self-fulfilling prophecy by the market regarding the looming recession. These companies will thrive in the upcoming energy crisis/ recession. Load up.
W
This is the best buying opportunity of a lifetime
X
Wednesday - CIBC raises target price from C$ 13.50 to C$ 16.00.
R
This makes no sense to me. Any opinions on the next 6 months for CPG shareholders? I imagine that the next report will be good and dividends / yield will continue to go up.
X
The sky isn’t falling.
Oil will bounce right back, and CPG will continue on its way up.
Current buyers will be rewarded
I don’t know what’s going on but something is fishy!
Someone bought a ton of July $10 calls us money 😳
Cheers
Oil will bounce right back, and CPG will continue on its way up.