Backinblack1000 wrote: Your words for others opinions seem to be very disrespectful, imo.
I find your views to be closer in line with a short seller than that, consistant with the long time share holders, most whom probably have a considerable larger amounts of share than you.
You say the company does not have long term assests, yet, you tell people to wait...
Does cpg (the company) agree with your statements, about short term assets, while you tell shareholders on here to wait and be patient?
Will company's across the prairies continue or be allowed to see cpg shares as long term investments, in their investment baskets.....based on your comments??
In the fashion that you put down long term shareholders.....feel free to respond....
highalpha1 wrote: Lot's of chatter on here on CPG's NCIB and whether and when the company will be buying back stock. Again, we need to only refer to the CEO's words from Q1 earnings release. Craig B. tacitly stated that direct shareholder returns won't be executed until "leverage targets" are met. Although the company does not specify what is the precise leverage target, I will speculate that it is close to 1.5x CF. By year end, CPG will be around that target using $60 WTI (even sooner based on today's prices).
Now imagine this scenario: once CPG achieves its leverage target of ~1.5x later this year and assuming that crude prices hold, CPG would begin to return FCF to shareholders in the form of share buybacks and dividend increases. Just imagine how much this stock will re-rate when a sustainable dividend increase is announced. Should this scenario play out, we will be trading at a much higher share price than we are today.
Finally, seventh green day for CPG in a row (on a day the TSX/S&P/Dow/Oil price all closed in the red)!