CPG's June corporate presentationCPG has released it's June corporate presentation: https://www.crescentpointenergy.com/invest/presentations
Slide 9 is especially interesting. CPG is now providing financial projections based on $55/$65/$75 WTI price scenarios.
In 2018-19, CPG was trading at a 4x debt to cash flow (D/CF) ratio. This was relatively high, with only MEG trading at a higher D/CF ratio in the midcap energy space in Canada. By year end 2021, CPG will be trading at less than a 1.5 D/CF ratio should WTI remain $65 or higher and, by year end 2022, the company will be well below 1x D/CF.
Shareholder returns are a coming! A little more patience needed, but it's coming. Good luck longs.