RE:RE:RE:RE:RE:RE:RE:RE:RE:Globe says Crescent Point cash flow improvingCdnOilObserver wrote: I completely agree with this statement.
Oil and Gas is deep value, and will only be attractive when the rate of return equals and exceeds the risk of the investment. An investment into a mid-cap energy producer is now percieved to be high risk and off-side with the ESG movement.
However, I belive this whole ESG is a load of cr@p - there are not enough mining projects to produce the minerals needs, (oh wait, the federal government in Canada doesn't like new mining projects either). There are not enough EV's available, and they are expensive - what about the middle and work class - do you think they can buy a EV?
The current grid does not support the needs to go fully electric - not with home heating, and not with replacing the million's of ICE vehicles in Canada, let alone the U.S.
CPG must turn itself into a cash cow - reduce it's float and pay a dividend to provide a return on capital that equals the risk of investing in a mid-cap energy company.
Exactly!!! Then and only then will the shorters run for cover and the hedge funds bring ma and pa's money back to this stock.... like when it was $40 and $30 and $20 .... not $10 $5 $1 or $4