RE:RE:RE:RE:RE:RE:Back to business: Darren Gee's range of scenariosYasch22 wrote: Ghostzapper,
I used to have the same for Crescent Point. Then the CEO reversed field on the issue of acquisitions, took double the hit when the oil prices collapsed, and then cut the dividend a couple of times. CPG used to have a bit of a "cult" following, too. In 3 years (Nov./14 to today) it's gone down from $38 to $11. CPG and Scott Saxberg followed the conventional wisdom of "growth-growth-growth" until they were forced to follow the conventional wisdom of "cut-cut-cut", and they've almost completely lost their halo.
CPG is a far different beast than PEY......Besides being mainly an oil and liquids company, CPG was addicted to acqusitions and expanding production.......CPG funded this in large part by issuing tons of new shares, each one of which paid the same monthly dividend....Never touched CPG because of their overly aggressive behavior........Ended with a disasterous plunge in the share price and a big cut in the dividend.....PEY is the opposite of CPG, and that's a good thing......