RE:RE:RE:This is a perpetual loserFinally, some reasonable comments on this board. Thank you Moemoney & Lash99.
I completely understand that some folks lost money on CPG stock (as did anyone who had invested in Canadian E&P plays in the last several years). If you don't believe in the management or you don't like the company otherwise, then sell your shares or short it. But there's no point in droning on and on about how much management sucks yet sticking with the stock and bashing it.
Investing 101: Every day you hold on to any particular stock is analagous to you re-purchasing that stock on that day. I bought into CPG because I see it as being incredibly undervalued relative to other names in the market. Among public E&P companies on the TSX producing more than 75,000 (boe/d), I think it is the most undervalued. If WTI prices collapse or if CPG doesn't execute well on the Duvernay play and its share price falls, I may reconsider my investment in the company and I may sell. But I assure you that if I do, I won't be on this forum bashing the company (or its management) for the next five years.
I want feel sorry for the bagholders of CPG (those who bought in at double digit prices), however, when you see the immature comments from some of these folks -- many of whom who could not string along a coherent English sentence if their lives depended on it -- it is rather difficult to have any feelings for them but contempt and amusement.