RE:RE:I bet we close at least above $4.50 today if not near flat. The reason for cutting dividend makes sense. It shows they feel shares are undervalued and buying back shares with money is more prudent than paying it out at this point. If WTI can get to and stay above $60 and WTI/WCS remain sub $15 for a period of time than CPG will raise dividend again with a smaller float.
NinetyFourOctan wrote: ***THEY CUT THE DIVIDEND*** That is why we are going down and will keep going down. Cutting the dividend is a clear indication from Management that things at CPG are far worse than what we think they are. How much "clearer" can they be.