RE:RE:RE:RE:RE:RE:Eric Nuttall Bought Position in CPG could Swallow SGY easy What Eric was doing in my view, was publically flogging them for being stingy with the dividend. When he said he had "work to do", he wasn't saying research. He was going to call them or meet with them to try to get them to commit to better plan for shareholder returns. Eric is, for lack of a better term, an activist investor. His companies follow the market meta. And, I'll say this right now, Eric Nuttall is an excellent influence on the O&G sector. I'm a huge fan.
I'm pretty sure CPG gets it. They just want to be in a strong position vis-a-vis their debt. I was a little surprised their capex cash reserve was so high in the last quarterly. That is until someone here pointed out they were probably exanding within the Duvernay, which they already control and that made perfect sense. But, I didn't put that together myself.
TheBridge wrote: Ogre03, it was around a week ago that he was on BNN and he indicated that he was on the verge of deciding which way to go with CPG, that he needed CPG management/Board to clarify what their long term plans were since it wasn't clear at that time. My impression was that he felt CPG had great potential, his fund could greatly benefit from it and he wan't about to leave it until he had the information that he needed.