RE:RE:RE:RE:Motley Fool Article Featuring CPG as $10 stockI have not seen an commitment from the management to bring back the dividend prior to meeting this target. Your cute cartoon aside, this is something we can measure and it'll be on top of really fast.
Bpultra wrote: LOLthey used that same carrot for the last 6 q'S ... THIS is how they catch you... promise NCIB and a div.. and MR market sez show me ..
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LiquidOctopusV2 wrote: They've already outlined the timing of that plane 1:1 debt vs FCF. We'll wait for what Q3 will bring. I think FOMO could drive it sooner than the material catalyst.
Bpultra wrote: They need to give money back to the shareholder .. end of story.. trying to break $6 ... never mind $10
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Crescent Point (TSX:CPG)(NYSE:CPG) went from $47 per share in 2014 to below $1 last year at the worst of the pandemic plunge. Investors who had the courage to buy at the low are already sitting on nice gains. Those who missed the big bounce are searching for attractive entry points on the stock.
Crescent Point used to be an acquisition machine and a dividend darling before the bottom fell out of the oil market. After several years of non-core asset sales, the company is doing new deals. In the first quarter of the year, Crescent Point bought assets in the Kaybob Duvernay region for $900 million. The deal is immediately accretive and boosts Crescent Point’s 2021 excess cash flow generation to $650 million at average WTI oil prices of US$65 per barrel. Crescent Point finished Q1 2021 with net debt of roughly $2 billion. As long as oil prices hold or extend their gains, the company could easily wipe out the debt position in the next three years.