RE:RE:New Press Release - Crescent Point Transforms Portfolio with Strategic Alberta Montney ConsolidationWell there you have it.. the reason for the shelf prospectus.. the metrics aren't too bad acutally, but I'm sure the shorters will be all over the stock tomorrow..!! Trying to spin a bad deal narrative.. LOL..
I like that its immediately accretive and the production bumps to ~200,000 bls/day with decent contracts in place.
Add to that, the infrastucture is already in place for production increases.. and an immediate divi increase of 15%.. they'll be able to generate huge FCF with that kind of production IMO..
All we need is stable WTI and gas prices going forward, and with the LNG terminal completion on the horizon, it looks like CPG is really planning for a strong, long run play..
That said.. its time to stop buying.. and optomize what the have.. no doubt the merger moves already announced in the industry lately, might have triggered the move, as there's a lot of profit in the big players that will be looking at expanding as well too IMO.. ;-)
Oh ya and lets not forget those tax shelters that come with the deal.. ;-)
Steady as she goes boys & girls..!!