The only thing that is stubbornly high with some analysts is their pay packet. With prices for just about anything going through the roof, the other thing that is stubbornly high is inflation. Surely at some point commodities has to catch up in pricing. Currently with I/O price levels it's more like it's stubbornly low.
Last Q CUF had a negative $2.64 mill hedge transaction closed. Guessing that the upcoming Q report will show a reversal on that front to the tune of a couple on $mill as a result of the lower I/O price - and depending on sales levels, surely this time the balance sheet will show an increase in cash levels (not counting the cr) and no further drawdowns on the available finance facility.
CUF - A Bright Future For Shareholders, page-585
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