Savvy Trades and Investments

[researcher59]

CPE -2.74 to 33.69, sure looks oversold with oil still at $84/bbl, but maybe oil will soon fall back to $75 or lower ???? Keep in mind too that they do a lot of hedging a year or more in advance, so a high percentage of their production is already locked into a range of prices using both swaps and collars.

Here's a table showing the CPE versus Crude Oil prices -

 
 20220103	51.73	76.08 
 20220104	55.61	76.99 
 20220105	52.49	77.85 
 20220106	53.83	79.46 
 20220107	51.94	78.9 
 20220110	48.98	78.23 
 20220111       53.47 	81.22 
 20220112	54.35	82.64 
 20220113	53.31	82.12 
 20220114	57	83.82 
 20220118	53.86	84.83 
 20220119	52.4	85.8 
 20220120	50.8	85.55 
 20220121	47.23	85.14 
 20220124	49.35	83.31 
 20220125	53.04	85.6 
 20220126	51.15	87.35 
 20220127	49.01	86.61 
 20220128	50.09	86.82 
 20220131	49.44	88.15 
 20220201	51.06	88.2 
 20220202	53.49	88.26 
 20220203	54.6	90.27 
 20220204	54.62	92.31 
 20220207	52.08	91.32 
 20220208	49.36	89.36 
 20220209	51.96	89.66 
 20220210	52.16	89.88 
 20220211	56.09	93.1 
 20220214	55.34	95.46 
 20220215	53.73	90.21 
 20220216	52.45	91.83 
 20220217	52.3	90.04 
 20220218	51.94	90.21 
 20220222	50.35	91.91 
 20220223	53.16	92.1 
 20220224	52.38	92.81 
 20220225	51.56	91.59 
 20220228	56.36	95.72 
 20220301	58.96	103.41 
 20220302	59.42	110.6 
 20220303	57.94	107.67 
 20220304	59.79	115.68 
 20220307	60.68	119.4 
 20220308	60.98	123.7 
 20220309	58.96	108.7 
 20220310	60.47	106.02 
 20220311	58.7	109.33 
 20220314	54.87	103.01 
 20220315	54.39	94.79 
 20220316	53.68	93.59 
 20220317	56.91	101.65 
 20220318	56.01	103.09 
 20220321	58.41	109.97 
 20220322	57.77	109.27 
 20220323	58.55	114.93 
 20220324	57.6	112.34 
 20220325	62.23	113.9 
 20220328	61.17	105.96 
 20220329	60.93	104.24 
 20220330	61.18	107.82 
 20220331	59.08	100.28 
 20220401	62.42	99.27 
 20220404	63.44	103.28 
 20220405	61.18	101.96 
 20220406	59.4	96.23 
 20220407	60.49	96.03 
 20220408	61.96	98.26 
 20220411	59.28	94.29 
 20220412	60.08	100.6 
 20220413	61.64	104.25 
 20220414	61.17	106.95 
 20220418	62.17	107.61 
 20220419	60.42	102.05 
 20220420	63.16	102.19 
 20220421	61.04	103.79 
 20220422	55.69	102.07 
 20220425	54.27	98.54 
 20220426	52.49	101.7 
 20220427	52.26	102.02 
 20220428	53.92	105.36 
 20220429	51.27	104.69 
 20220502	48.93	105.17 
 20220503	51.84	102.41 
 20220504	55.28	107.81 
 20220505	51.01	108.26 
 20220506	50.04	109.77 
 20220509	45.05	103.09 
 20220510	46.04	99.76 
 20220511	44.83	105.71 
 20220512	44.01	106.13 
 20220513	46.38	110.49 
 20220516	48.07	111.82 
 20220517	50.29	109.63 
 20220518	47.84	107.04 
 20220519	47.83	109.89 
 20220520	47.95	110.28 
 20220523	50.27	110.29 
 20220524	49.55	109.77 
 20220525	51.55	110.33 
 20220526	54.03	114.09 
 20220527	58.55	115.07 
 20220531	58.46	114.67 
 20220601	62.46	115.26 
 20220602	57.39	116.87 
 20220603	57.81	118.87 
 20220606	58.85	118.5 
 20220607	62.45	119.41 
 20220608	62.5	122.11 
 20220609	62.43	121.51 
 20220610	59.93	120.67 
 20220613	55.93	120.93 
 20220614	57.07	118.93 
 20220615	55.69	113.09 
 20220616	50.93	115.25 
 20220617	46.03	107.99 
 20220621	48.34	109.52 
 20220622	43.08	106.19 
 20220623	41.43	104.27 
 20220624	40.68	107.62 
 20220627	43.06	109.57 
 20220628	45.48	111.76 
 20220629	41.61	109.78 
 20220630	39.2	105.76 
 20220701	39.27	108.43 
 20220705	35.89	99.5 
 20220706	36.46	98.53 
 20220707	38.43	102.73 
 20220708	38.32	104.79 
 20220711	36.74	104.09 
 20220712	35.83	95.84 
 20220713	36.2	96.3 
 20220714	36.17	95.78 
 20220715	37.35	94.57 
 20220718	39.27	99.42 
 20220719	42.27	100.74 
 20220720	44.29	99.88 
 20220721	41.95	96.35 
 20220722	40.36	94.7 
 20220725	43.05	96.7 
 20220726	41.93	94.98 
 20220727	44.62	97.26 
 20220728	44.9	96.42 
 20220729	46.04	98.62 
 20220801	44.24	93.89 
 20220802	44.18	94.42 
 20220803	42.66	90.66 
 20220804	37.22	88.54 
 20220805	37.51	89.01 
 20220808	36.82	90.76 
 20220809	36.81	90.5 
 20220810	38.02	91.93 
 20220811	40.67	94.34 
 20220812	41.22	92.09 
 20220815	39.71	88.85 
 20220816	39.07	86.16 
 20220817	40.47	87.69 
 20220818	42.03	90.11 
 20220819	41.05	90.44 
 20220822	40.78	90.36 
 20220823	42.6	93.74 
 20220824	43.91	94.89 
 20220825	44.42	92.52 
 20220826	43.69	93.06 
 20220829	45.07	97.01 
 20220830	42.42	91.64 
 20220831	42.56	89.55 
 20220901	40.99	86.61 
 20220902	41.54	86.87 
 20220906	41.14	86.88 
 20220907	39.62	81.94 
 20220908	40.49	83.54 
 20220909	42.26	86.79 
 20220912	43.6	87.78 
 20220913	42	87.31 
 20220914	44.6	88.48 
 20220915	41.18	84.65 
 20220916	40.43	84.76 
 20220919	39.77	85.36 
 20220920	37.83	83.94 
 20220921	37.14	82.94 
 20220922	36.05	83.49 
 20220923	33.18	78.74 
 20220926	31.36	76.71 
 20220927	31.79	78.5 
 20220928	34.44	82.15 
 20220929	34.77	81.23 
 20220930	35.01	79.49 
 20221003	37.97	83.63 
 20221004	41.31	86.52 
 20221005	43.91	87.76 
 20221006	45.9	88.45 
 20221007	44.84	92.64 
 20221010	43.21	91.13 
 20221011	42.2	89.35 
 20221012	42.38	87.27 
 20221013	44.2	89.11 
 20221014	41.89	85.61 
 20221017	42.06	84.53 
 20221018	41.82	82.07 
 20221019	42.23	84.52 
 20221020	41.93	84.51 
 20221021	43.9	85.05 
 20221024	43.95	84.58 
 20221025	44.71	85.32 
 20221026	45.82	87.91 
 20221027	45.05	89.08 
 20221028	44.09	87.9 
 20221031	43.96	86.53 
 20221101	45.02	88.37 
 20221102	43.14	90 
 20221103	46.53	88.17 
 20221104	46.33	92.61 
 20221107	48.23	91.79 
 20221108	47.74	88.91 
 20221109	42.84	85.83 
 20221110	44.38	86.47 
 20221111	45.5	88.96 
 20221114	43.24	85.87 
 20221115	44.58	86.25 
 20221116	42.8	85 
 20221117	42.52	81.4 
 20221118	42.33	80.11 
 20221121	40.9	80.04 
 20221122	43.09	80.95 
 20221123	42.18	77.94 
 20221125	42.39	76.28 
 20221128	40.95	77.24 
 20221129	41.26	78.2 
 20221130	41.92	80.55 
 20221201	40.92	81.22 
 20221202	41.23	79.98 
 20221205	39.47	76.93 
 20221206	37.78	74.25 
 20221207	36.59	72.01 
 20221208	35.52	71.46 
 20221209	34.2	71.02 
 20221212	35.3	73.17 
 20221213	35.73	75.39 
 20221214	35.75	77.28 
 20221215	35.42	76.15 
 20221216	34.65	74.46 
 20221219	34.43	75.38 
 20221220	34.5	76.23 
 20221221	35.68	78.29 
 20221222	34.77	77.49 
 20221223	36.26	79.56 
 20221227	36.71	79.53 
 20221228	34.55	78.96 
 20221229	35.87	78.4 
 20221230	37.09	80.26 
 20230103	34.66	76.93 
 20230104	34.73	72.84 
 20230105	35.39	73.67 
 20230106	36.3	73.77 
 20230109	35.94	74.63 
 20230110	36.63	75.12 
 20230111	37.26	77.41 
 20230112	39.44	78.39 
 20230113	40.15	79.86 
 20230117	40.49	80.45 
 20230118	39.66	79.8 
 20230119	41.52	80.61 
 20230120	42.65	81.64 
 20230123	43.63	81.62 
 20230124	42.73	80.13 
 20230125	42.78	80.15 
 20230126	43.89	81.01 
 20230127	43.27	79.68 
 20230130	41.45	77.9 
 20230131	42.55	78.87 
 20230201	41.64	76.41 
 20230202	40.55	75.88 
 20230203	40.21	73.39 
 20230206	39.24	74.11 
 20230207	41.79	77.14 
 20230208	41.32	78.47 
 20230209	39.57	78.06 
 20230210	41.82	79.72 
 20230213	41.27	80.14 
 20230214	41.49	79.06 
 20230215	40.4	78.83 
 20230216	38.69	78.74 
 20230217	36.11	76.55 
 20230221	35.3	76.36 
 20230222	34.8	73.95 
 20230223	37.32	75.39 
 20230224	38.27	76.32 
 20230227	39.28	75.68 
 20230228	38.76	77.05 
 20230301	39.78	77.69 
 20230302	40.56	78.16 
 20230303	42.24	79.68 
 20230306	40.86	80.46 
 20230307	39.59	77.58 
 20230308	38.75	76.66 
 20230309	37.22	75.72 
 20230310	36.46	76.68 
 20230313	34.63	74.8 
 20230314	34.1	71.33 
 20230315	30.22	67.74 
 20230316	30.56	68.52 
 20230317	29.75	66.93 
 20230320	30.01	67.82 
 20230321	31.42	69.67 
 20230322	30.66	70.9 
 20230323	30.26	69.96 
 20230324	30.58	69.26 
 20230327	32.27	72.81 
 20230328	32.52	73.2 
 20230329	33.11	72.97 
 20230330	33.25	74.37 
 20230331	33.44	75.67 
 20230403	36.99	80.42 
 20230404	36.34	80.71 
 20230405	36.28	80.61 
 20230406	35.38	80.7 
 20230410	36.44	79.74 
 20230411	36.82	81.53 
 20230412	37.49	83.26 
 20230413	37.84	82.16 
 20230414	38.06	82.52 
 20230417	36.65	80.83 
 20230418	36.31	80.9 
 20230419	35.55	79.24 
 20230420	34.23	77.37 
 20230421	33.76	77.87 
 20230424	35.06	78.76 
 20230425	33.08	77.07 
 20230426	31.22	74.3 
 20230427	31.37	74.76 
 20230428	33.14	76.78 
 20230501	33.11	75.66 
 20230502	30.88	71.66 
 20230503	30.68	68.6 
 20230504	31.45	68.56 
 20230505	33.18	71.34 
 20230508	32.26	73.16 
 20230509	31.53	73.71 
 20230510	30.88	72.56 
 20230511	30.44	70.87 
 20230512	30.62	70.04 
 20230515	32.13	71.09 
 20230516	30.93	70.84 
 20230517	32.17	72.89 
 20230518	32.48	71.94 
 20230519	32.17	71.69 
 20230522	33.06	72.05 
 20230523	33.44	72.91 
 20230524	33.41	74.34 
 20230525	31.73	71.83 
 20230526	32.01	72.67 
 20230530	30.97	69.46 
 20230531	30.63	68.09 
 20230601	31.45	70.1 
 20230602	32.81	71.74 
 20230605	32.23	72.15 
 20230606	33.05	71.74 
 20230607	34.38	72.53 
 20230608	33.96	71.29 
 20230609	33.46	70.17 
 20230612	32.87	67.12 
 20230613	33.82	69.42 
 20230614	33.21	68.27 
 20230615	34.17	70.81 
 20230616	34.15	71.93 
 20230620	33.37	71.19 
 20230621	34.42	72.53 
 20230622	32.62	69.51 
 20230623	32.01	69.16 
 20230626	32.82	69.37 
 20230627	33.27	67.7 
 20230628	34.43	69.56 
 20230629	34.91	69.86 
 20230630	35.07	70.64 
 20230703	35.15	69.79 
 20230705	34.66	71.79 
 20230706	33.53	71.8 
 20230707	33.59	73.86 
 20230710	33.8	72.99 
 20230711	34.99	74.83 
 20230712	35.24	75.75 
 20230713	35.46	76.89 
 20230714	33.67	75.42 
 20230717	34.11	74.08 
 20230718	35.32	75.66 
 20230719	34.72	75.29 
 20230720	34.63	75.65 
 20230721	35.02	77.07 
 20230724	35.53	78.74 
 20230725	35.61	79.63 
 20230726	34.93	78.78 
 20230727	34.45	80.09 
 20230728	36.06	80.58 
 20230731	37.56	81.8 
 20230801	36.74	81.37 
 20230802	35.83	79.49 
 20230803	35.91	81.55 
 20230804	36.75	82.82 
 20230807	36.76	81.94 
 20230808	37.55	82.92 
 20230809	37.69	84.4 
 20230810	37.03	82.82 
 20230811	36.82	83.19 
 20230814	36.62	82.51 
 20230815	35.59	80.5 
 20230816	35.37	79.02 
 20230817	35.99	79.9 
 20230818	36.77	80.66 
 20230821	36.94	80.12 
 20230822	36.52	79.64 
 20230823	36.27	78.89 
 20230824	35.9	79.05 
 20230825	36.81	79.83 
 20230828	37.58	80.1 
 20230829	37.94	81.16 
 20230830	38.82	81.63 
 20230831	39.23	83.63 
 20230901	40.68	85.55 
 20230905	40.56	86.69 
 20230906	40.8	87.54 
 20230907	40.31	86.87 
 20230908	39.76	87.51 
 20230911	38.36	87.29 
 20230912	40.11	88.84 
 20230913	39.88	88.52 
 20230914	39.57	90.16 
 20230915	38.58	90.02 
 20230918	38.51	90.58 
 20230919	38	90.48 
 20230920	37.86	89.66 
 20230921	37.39	89.63 
 20230922	37.1	90.03 
 20230925	38.13	89.68 
 20230926	37.85	90.39 
 20230927	39.71	93.68 
 20230928	39.51	91.71 
 20230929	39.12	90.79 
 20231002	36.83	88.82 
 20231003	36.43	89.23