RE:RE:RE:RE:RE:CRESCENT POINT CPG $20/SHARE = 2022I did some rough math and I think the last time the share price was above $20 the difference in the shares outstanding was 14% less than today. Not 50% less. So, $20 isn't a huge strech. I'm sure of the debt load in the past but the company is in good shape today with the debt under control.
Here is my process, the last time CPG traded above $20 was September 6, 2016. In 2016 the outstanding share count was roughly 516 million and today is 587 million. That's difference of 71 million or 13.8%.
(I'll cite it https://www.macrotrends.net/stocks/charts/CPG/crescent-point-energy/shares-outstanding)
I'm sure we could haggle over some of the numbers but I don't think whatever they're changed to is going to bring us close to 50%.
BigJoe778 wrote: I could see it even sooner. Possibly 2nd half 2023 with proper allocation of all that FCF. One has to remember.....the last time this stock saw $20/share it had half the amount of outstanding shares it has now and it was also paying $0.23/month in dividend. Like I mentioned earlier with the current outstanding share count and $0.015/month divy.....we're a ways away from $20 lol.