RE:RE:RE:RE:RE:RE:RE:Cas flow estimate 2019.......2.2 billionI would agree that we need a new Federal government to breath some life into the Canadian Energy Sector - it's dying.
CPG Senior Management needs to control the head office and non-production related expenses, Directors must tie bonues to share price, and set a reasonable high water mark, or they wont be incented. CPG management must execute on share buy backs at these stupidly low prices. 7% NCIB is just a drop in the bucket. They also of course must demonstrated debt paydown. I seriously selling Canadian assets in this current market is a good strategy given the flight of capital from Canada.
They need to hit performance out of the ballpark, if they don't, then the stock price will be hammered merciless. I still see support in the $3.50 to $3.80 range on this stock. $60WTI no longer matters - management needs to get institutional support onside.
If the Saudi report on their major oil field is true, and if the US frackers slow down, and nothing happens in Venezuela, I would expect some stink take over bids later in the year for CPG and similar companies.