RE:CPG trading at 50 % NAV..of 18 $ a share.. Takeover targetI called the SU take over of COS based on COS low stock price.That price was out of wack for an 80,000 BPD producer.I strongly urged COS to make changes at the top or face a low ball take over.They ignored my warning just like CPG is doing now.
The current valuation of CPG is half the COS valuation per flowing BRL.This is not lost in the eyes of an oil major who sees the management of CPG asleep at the switch.The stock price of CPG is a direct result of a loss of faith in Scott.
CPG is so cheap that if SU,IMO or CNQ does not take it over all of those CEOs should be fired.
Scoot should be fired on the spot as he will not do the right thing and step down now before a oil major leaps at the chance to take over CPG whilr scott fiddles while Rome burns.