CPG is delivering on their plans It is good to see CPG share price showing some strength! I think this is the result of the share buyback program and that we will continue to see steady, if unspectacular, rise in share price for the next few months. If oil price pops a little bit then so much the better.
On what might be announced for the Q3 report, I think it will be steady as she goes on the plan they are implementing... continued focus on reduction of debt, maybe more sales of non-core assets, and this time increased focus on share buyback. That should all be good for share price.
For me, an increase in dividend (even a small one) would be very helpful, but I don't think that will happen yet. Probably they'll use free cash flow to reduce debt and buy back shares, and that is alright.
Debt reduction will soon show very positive impact in quarterly cash flow results. If they have reduced debt by about $2 billion from a year or so ago, that means close to $80 million a year that they don't have to spend on interest charges... they can put that money to use for something more positive for shareholders. Me, I am optimistic for CPG in 2020.