I sometimes day trade CPG on decent Oil days or if the price drops enough in the range. It's not one of my main plays in Oil because it has serious resistance at $10 Cdn and not as much torque at the moment as some of their peers. It is a very cheap stock but until they get some respect on the market I'm not fighting it beyond easy momentum moves. I did play it late week but would have been better off keeping my Crew Energy ( nat gas ) one of my favorite trading stocks. I think the dual listing in NY actually hurts CPG at times more then it helps. However, in the scenario where Oil stays high and they bust out a good quarter, the stock could break resistance and run pretty good because it's a low P/E stock that tends to boost dividends ( some of the fund managers like it ).
Some Cdn Nat Gas companies had really, really good numbers even with the huge drop in prices. I had heard they are highly profitable even at $1.50 nat gas but the market seemed to be surprised by the profits ( eg Arc Resources, Crew Energy, maybe Pipestone ).
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