Crescent Point Energy Corp T.CPG

Debt Payments Versus NCIB

[TheBridge]

With a net debt of $3.7 billion I would rather give CPG my approval to pay down debt instead of the NCIB move. The share price in now above the $10 mark (which is not the bargain it used to be)  but their interest payments on debt at the the signed up rates IMO makes that the direction that they should be heading in.

[Moemoney42]

Agreed 100%.. put that cash to work on the debt and cut it down quickly.. the savings on interest costs would be huge and would facilitate alot of capex or additional divi's..

[Marty47]

NCIB is good or bad depending on the company's financial health, strategic goals, market conditions, and the effectiveness of its implementation. It is important for companies to carefully evaluate their motivations, financial position, and potential impact on shareholder value before proceeding with an NCIB.