RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Globe says Crescent Point cash flow improvingNope not falling for it. This idea of getting energy companies to move investment into renewables is a divestment tactic of the enviro scam. There is nothing companies can do to bring back investment other than through demonstration of creating wealth for shareholders. All companies that have tried to appease the woke green nutbars have failed to attract investment. The reality is the nutters want zero fossil fuels with everyone living in mud huts or running naked on communes in the gulf islands.
Look at Shell as an example. They have been one of the most progressive in moving to renewables. What has it gotten them... enviro nuts now calling for the company to be nationalized. This is their new tactic because they know that as a special interest group they can sway corrupt politicians to do their bidding.
Canada's E&Ps need to fight back by generating wealthy shareholders that can and will lobby on their behalf.
NonCredibleSrc wrote: Hmm - huge cash is great! perhaps if the funding is available now is an appropriate time to diversify!?!?! Move away from 'just' oil and gas - purchase a proven or proving renewables company and bring it into the CPG portfolio.
Fund managers - at least many - are touting 'ethical' investing - investing that adheres to social, political, etc ideals such as human equality, blue planet, etc.
IMO the BEST way to attract a new audience (primarily millenials and their slightly older 90's counterparts) is to explore what may be done by a slow but steady transition. Transitions like these start to attract differnet fund managers and perhaps CPG gains more recognition.
We all know oil and gas is not going away over night - but some time, likely 30-50 years in the future, there will be only a handful of these companies as there will over time be the possibility of less and less demand.
Again - just my thoughts...
Tommy123 wrote: Agreed. No fund manager wants to be seen putting funds into what will likely be an industry on life support once Trudeau gets a huge majority this Fall.
TrendSwapper wrote: The problem is a shift of policy and investment away from fossil fuels. All O&G companies are in the same boat; look around. CPG is now profitable at $45+ US oil and making crazy cash. Fund managers won't put their clients money into an industry that is at the beginning of the end. There is no appetite for O&G, so management better take some of this cash and move into renewables if they want to be around when the dust settles.