RE:GLTALongs. Burn the shorts. Next 2wks we should see results.Crescent Point has fallen by 18 per cent this month despite oil being marginally flat despite releasing a solid Q2. We believe summer doldrums along with an overhang due to Shell’s remaining 30MM share block caused the selloff and both are easily fixable. With added running room from their Duvernay acquisition from Shell and the benefits from a stable mature production base the company has the ability to return an egregious amount of capital back to shareholders. Trading at 2.2x EV/’22 CF and a 26 per cent free cashflow yield we believe the company should announce an aggressive share buyback program (at least 10 per cent) along with a significant increase to its dividend. A target multiple of 4.0x equates to a $10.50 potential target price offering 134 per cent potential upside.