RE:RE: re: re: CPG IPOCrescent Point because of it's large production, greater then 160,000 boe per day has a lot of barrels of decline to replace each year, like about 40,000 boe. I'am thinking they are having trouble doing that and growing production organically on top of that within cash flow, hence the dilution for equity offerings. They been doing these IPO's at $90 oil and $47 oil, so something is not right here.
iF Surge can replace decline and grow production on top of that without going to the market like CPG then it's a more valuable company then CPG and worth more then 5 bucks a share IMO.