RE:I know cpg should be 6.00 now?I agree that CPG should be trading way above $6.00 - much higher. As so should most other companies in the Canadian Energy sector. There is a massive discount being applied, or created through ingnorance of the current value in these companies. I would agree that there will be a shift to a more "greener" future, it will take leaps ahead in not only developement and technology, but also agreement by countries such as China, United States, Brazil, etc.
I also see that these companies can be doing a much better job in making their case with institutional (long term) investors.
Crescent Point Energy specifically has an enormous outstanding float of shares, and at the current trading value, current interest rates, makes it extremely cheap to short.
The management of Crescent Point Energy must be much more aggressive in adding/creating shareholder value. Typically this is the role of the Board of Directors - but they are inept. CPG must immediately be clear on the credit pay downs, restart NCIB - or - return capital to their owners by way of increasing their dividend to at least a 3% payout, or a minimum of $0.12 per share