Post by
ascii2 on Sep 16, 2022 12:45pm
CPG grossly under valued!
https://finance.yahoo.com/news/investors-undervaluing-crescent-point-energy-134001484.html
Comment by
jleer42 on Sep 16, 2022 2:01pm
Eric getting called out was amusing, don't usually hear that. Good to hear his reasoning, driven by his desire to increase cash as opposed to disappointment with CPG. Still likes it, just not as much as some of the other choices. I'm still long with CPG, good luck to all!
Comment by
GnuckyT on Sep 17, 2022 8:29am
Makes no sense! CPG had a considerably higher upside according to him than all his stocks. It had the highest target yet last time wasn't in his top three picks. Why? Because he knew he was going to sell when he was making that call.
Comment by
JohnnyDoe on Sep 18, 2022 8:09am
I am pretty sure that from one appearance to the next on BNN, the guests cannot have the same picks in their top 3 so if Nuttall identified CPG last time, he couldn't this time.
Comment by
filefish on Sep 18, 2022 8:40am
CPG was purchasing $2 million worth of their stock daily in July. That dropped off to $900,000 daily in August. Wonder if the reduction in share repurchases had something to do with Nuttalls decision to lighten his position. Does CPG have a variable share repurchase program that changes with the POO?
Comment by
JohnSP on Sep 18, 2022 12:55pm
CVE's buybacks were also significantly lower in August, so yes could be related to price of oil. FYI in oil patch talk, POOH is pull out of hole, ie tubing, Wireline, CT.