RE:RE:I think I figured out the market psychology to this stockIt's new (ish) management. And, I see this management team as having excellent transparent communication. The only surprise was the Duvernay aquisition and that was a good surprise after I digested it.
Consipracy theories aside, all we need to see is some action on the share buyback and most concerns will be assuaged. If they keep their word on the 1:1 debt to FCF ratio to active a meaningful dividend increase, all will be golden. If I didn't think this management team would keep its word, I would divest. I trust them.
Bpultra wrote: JamesT wrote: When oil prices hits an all time high, the stock price shoots up a with optimism on potential earnings and FCF. As time passes however and investor has time to digest, they realise that this company is still runned by self interested management and then settles back down to its original level plus a few measly pennies.
Rince and repeat all the way to $80+ oil
====================
Yes this happens when the market perceives there is no reason to invest in a stock that it sees with no upside… and until this perception changes the buyers are elsewhere .. with a div or an NCIB .. well maybe they come back .. otherwise CPG goes up 2 stairs and down 3 .. we need a couple solid 25-30 cent run days in a row to start this next move .. shorts got the lid on right now.. and there are a lot of them