Utter and miserable failureAll this garbage stock does is go down. No matter what happens, it sinks. It must be a short's wet dream.
Dow Jones down 50 points and oil up $2? CPG has to sink. Dow Jones up 50 points? CPG still sinks because oil is down a penny. NO MATTER WHAT HAPPENS, THIS STOCK GOES DOWN.
Terrible management that took years to listen to investors and now nobody cares.
Why would anyone invest in this junk? So what if the assets are worth $12 on paper when nobody wants them? Funding has dried up for O&G acquisitions in Canada.
In the meantime, management gets paid millions in bonuses and salary. They don't care what happens, even if they get fired they get millions in golden parachutes.
The idiotic institutional investors refuse to vote out management and the board and this is what happens. There is no accountability.