RE:RE:RE:RE:Reading between the linesNuttall is unlikely to have enough clout. Management has no duty to shareholders, but they are ultimately under the control of the BoD. You have to work through the Directors, and for that you have to form voting blocks and get transformational questions put forward at the next AGM. Otherwise it's all impotent whining.
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LiquidOctopusV2 wrote: Are you kidding me? I've actually been a diplomat! What Nuttall was doing was terrifically aggressive and he's openly challenging CPG's management to accelerate shareholder returns. No thin veil, no white gloves. 0% diplomatic score. He telling us that he's going to have awkward talks with the management. It was all out there on screen.
cahclick wrote: He is diplomatic to say "he is not sure".
Any shareholders that have been around here hor years know already that Management doesn't give a flying rip about shareholders.
Today's pathetic share price is totally because of the lack of trust/confidence in Management.
The company metics suggest that debt can be paid down, shares can be bought back, dividends can be increased BUT who says Management won't go buy another $9 billion of debt.
This company should be flying but it's unlikely to happen without a major shakeup.
all jmo
glta
CdnOilObserver wrote: Nuttall also stated "he is not sure that the CPG Management 'get it' with respect to returning capital to shareholders"
CPG will remain bound in the high $5's and low $6's until they can demonstrate a fair return to investors for the risk of investing in a small-mid cap oil producer.