RE:RE:Good Results are expected yet investors still don't care.Moemoney42 wrote: Unfortunenately James this malaise isn't just CPG specific.. its industry wide.. now with that being said they're on track to reduce debt as stated and deleverage.. I'm happy with that.. the share price will respond in time as will most O&G stocks when that FCF comes rolling in.. notice.. as I've been saying for months now the reversal of the write downs has begun.. next will be the reratings.. ;-) quote:
"The Company reported net income of $2.1 billion for the three month period ending June 30, 2021, primarily resulting from a $2.5 billion ($1.9 billion after-tax) reversal of non-cash impairment due to an increase in forward commodity prices and the independent engineers' price forecast"
============
the problem is in red below.. and this is why the stock will be red... hey what did they say abiut the NCIB this Q .. did I miss it in the NR... another reason why MR.Market hates this stock... I thought the shorts were done but why would they ... ?
Crescent Point Energy Corp. announces its Board of Directors has declared a quarterly cash dividend of CDN $0.0025 per share to be paid on October 1, 2021 for shareholders of record on September 15, 2021. Brad Borggard, Senior Vice President, Corporate Planning and Capital Markets, or Shant Madian, Vice President, Investor Relations and Corporate...