RE:RE:What's the problem with this company, price is stuck?Eric Nuttall metioned that Shell had sold about 30 M of their 50 M shares, and it is likely they will continue to sell the rest over the coming weeks. This mostly explains to me why this stock has been treading water over the past 6 weeks even though oil price has been stellar. Also it explains why a large number of shorts were able to cover their positions recently without putting much upward pressure on share price.
NCIB definitely would have helped. Maybe that's not in the cards this time around. It seems CPG is focussed on paying off all debt associated with the Shell Kaybob deal this year, and then in Q2 '22 they have $280 M in long term debt to pay off. After that, the financial pressure on the company should be relieved and probably we will see greater shareholder returns, especially if oil price remains strong. Good Luck!