Valumind, Please share your list of oil stocks that are trading at a PE of 5!
As for CFK, which is a canadian company itself, I suspect the recent selloff is from Nuts and/or his canadian cohorts who have probably been taking some profits over the last couple of days. Canadian tax liabilities are figured based on the settlement date rather than the trade date required by the IRS for USA investors. Canadians can sell now and not have to pay tax on the profit for another year.
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