RE:“D” day comingGassy, I'm a cpg long and like hearing positive developments for the company but..........your post stated that CPG debt is under $500 million..........that's a huge error, CPG's debt is at least 3 times that. Their debt on Sept. 30, 2020 was $2.2 billion after having paid down $575 million during the year. They have been able to reduce debt by cutting the dividend and reducing capex to serving the most productive areas of production and directing those funds towards paying down debt.
We are getting close to where the debt isn't going to be a burden on the share price and when it's right the dividend will start returning and the share price will appreciate and again if crude prices are supportive. It will likely be fall before we see some real positive change in CPG and hopefully no one tries a take over. Let's hope the Q4 report will show the debt still heading down and now a little more rapidly to reflect the help from higher crude oil prices. Good luck to all longs.