RE:WCP vs CPG conference callI agree.
I am disappointed to say the least.
If this management and board of directors cannot demonstrate they are creating value for shareholder, then the share price will lag and falter.
At somepoint there will be a stink bid - and the shares are still at a 30% to 50% discount to what they would have been a year ago at +$60 WTI. Really, what is it going to take to get the value of the share up to $6.00, or $8.00, or even $10.00? $80WTI... $100WTI - this will never happen.
At sub $5.00 investors are showing management what they think.
As a long time investor in the Canadian energy stocks, it is beyond me why management can be so blind. I call it the "Ostrich Theory".
$0.12 per share dividend is the very least this company should be paying, in light of a failed NCIB that would have significantly decreased the float.