RE:RE:RE:RE:RE:Whitecap needs to get BIGGER...........Quickly.Crescent Point's net debt to ffo I think is now 2x at current commodity prices which is pretty incredible. If oil strip ends up above $60 Crescent Point is likely to be one of the top plays in Norht America again as their wells have a sub 1 yr payout.
I think CPG prefers to focus on buybacks and debt reduction over dividend at the moment. It makes more sense to reduce debt at the moment.
Whitecap was in a slightly better position before this nonsense started.
CPG asset base is very similiar to Whitecap's. There would probably be "synergies" available with the massive scale of both companies combined.