RE:RE:RE:RE:RE:C:CPG Crescent Point Reinforces Its Current Plan for ChangeTrying to figure out your reasoning -
We know this mgm team is brutal - they've lost the confidence of everyone and have drivin the share price into the ground. They now want to give this garbage team more money.
Your argument is "better the devil you know" as if another team could possibly do worse - thanks for coming, appreciate your advice - hopefully no one is paying you for it.
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Trying to figure out your reasoning as well. You can't say they've lost the confidence of everyone because you don't know that. It is your belief as such but the reality is plenty still believe in them. Yes there are a number who don't but neither you nor I know what that ratio is. Also saying that management is solely responsible for driving the share price into the ground is also factually incorrect. Some of the share price drop is purely related to the price of oil dropping as well as shorters, manipulators etc. The market is not a rational place.
The reality is that the price of oil seems to be settling in at the high 60"s and maybe heading into the low 70's. At those prices CPG will do well and therefore the share price should begin a slow and steady rebound. Any clowns, even the ones currently running it, should have success in that environment.
Your arguement is "better the devil you don't know", especially one that has no plan, as if they couldn't possibly do any worse. Well, thank you for coming out, appreciate your advice, and hopefully no one is paying you for it.
Cheers.