$CPE July is all about waiting for the supply to start drying up. Just hold and buy more when you can and as soon as the good reports arrive, we start moving up. The only other thing that will make this pop is a very strong jobs report this Friday I believe. According to CPE, they will generate 25-100 million in free cash flow at only $25-$30 WTI prices. So that means at $40-45 they would generate approx $40-$150 million in cash flow after expenditures. Plus they still have a credit line to draw from if needed. They are making money as we speak.
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