RE:RE:Giant bullseye on CPGpatenright1 wrote: Well, SGY had a solid q2 and announced buy back and shorts covered hard (up 22%) and the stock has been showing good support, not that I think a buy back will actually do anything but it does send a psychological message to the shorts so maybe CPG will be do something similar, doesn't mean they have to buy back, but just stating it and applying to tsx would be nice, good to be prepared anyway just in case stock does go lower and they actually deem it better to buy back shares than to either pay dividend or capx
The Surge NCIB has the potential to increase Shareholder value if they can acquire the shares at a substantial discount to the NAV at a cost less than the Dividend.
What would Crescent Point do? Issue DRIP shares at a 5% discount with one hand and buy them back at market price with the other? Makes absolutely no sense!
As Always; Do Your Due Diligence; It’s Your Money !!