Acquisitions
In my opinion, if one is a long term investor (i.e. more than 3 years) the company(ies) you are investing in should always be on the hunt for accretive acquisitions. However, I think, in CPG's case, that it would better serve the company to prove out it's organic growth capabilities (particularly the impact of their water flooding technology) before making more acquisitions so that the market can better evaluate the accretive value of any acquisitions in the future. Further, unless I am missing something in CPG's press releases in the past re acquisitions the company could probably do a better job of outlining the accretive and strategic value of any acquisitions they make so that it is easier for the market to determine the potential positive on whatever metric per share is relevant (e.g. FFO per share).
My prediction is that CPG will use this year's (and perhaps the first 2 quarters next year) to prove out their organic growth capabilities.