RE:RE:Oil $100+, CPG at $9.iownbmw545 wrote: bumblebee99 wrote: Watch it happen. FU CPG BoD and management.
bumblebee, don't let those sobs win. leave that FU stuff to me LOL
keep on posting your informative and great posts sir.
how can these scam artists be allowed to carry on business like this is beyond me.
the whole Fking company is crooked. from their employees to their management to the idiots at IR.
they are in on the con and helping each other out making out like bandits while us shareholders who risked our investing dollars get the short end of the stick.
it is bastar4s like these that push people towards communism and socialism. when rational people lose faith in the system then all hell will break loose.
I know this for one, if there is ever a breakdown of law and order, I know who I am going for to get my pound of flesh from these scumbags
I have not given up. I am in touch with the company. They have made changes that me and many investors have pushed for (firing Saxberg, selling assets, reducing capex growth rate) so I give them credit for that.
The problem is that they cannot control expenses and can never surprise onnthe upside for production. Almost every quarter, the stock is down when earnings are reported. The numbers are always blah, for lack of a better word. Nothing to excite investors.
They seem to be plodding along, and would have been content with a depressed stock price if Cation didn’t come along. Why, you may ask? Because nobody at the company owns a significant number of shares. They get paid no matter how depressed the stock is.
In most other companies, CEO’s would have the majority of their compensation linked to share performance or real KPI’s that matter to investors. This didn’t happen at CPG, Scott got paid a fortune even though the stock died.
Look what happened with CVE. The stock got hit and the CEO was immediately fired. How many years did it take for Saxberg to get fired and after how much pressure?
As I said before, if they bring in new management from outside the firm, and focus on cost cuts across the board, investors will pile back in. Too much management, too many employees, too many contracts that haven’t been renegotiated aggressively enough.