RE:RE:RE:A buy by Eric Nutall.BigJoe778 wrote: First of all I didn't realize we had to want to $uck on Bryskas bobo to be a member of the forum.....how does that taste anyway? Second.....if you assume they're gonna change the way they reward themselves with shares/warrants then you obviously have a very short memory or haven't been around CPG very long. Look no further than the recent performance bonuses they got when the share price reached $6......this is something this great new management team has never changed. Third.....in order for share buybacks to continue in 2022, doesn't that mean they would have to start prior to 2022 lol. They filed for NCIB in March 2020.......didn't follow through.......they filed again in March 2021 and I'm pretty sure they haven't bought any yet. I'm aware they plan to buy some in Q1 22 but until they actually follow through they can bang the drum all they want. Oh and for the record I have like 11 shares :)..............
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reading between the lines .. they got thier credit terms pushed out till 2025....so they had to impress the bank ... IE no NCIB ... no extra div... now that it is pushed out they can start giving back.. and will also probably add to thier nest as well.. this is an important point that maybe some have missed... they have some breathing room and got lucky with oil .. so they are making money ... but I did peel some off yesterday with some very good returns... nutbar made 14 mill in a couple weeks
RENEWAL OF CREDIT FACILITIES
During fourth quarter 2021, Crescent Point successfully renewed and extended its unsecured, covenant-based credit facilities with a maturity date of November 2025. Given its significant unutilized credit capacity, the Company downsized its credit facilities to $2.3 billion, better aligning the facilities with the size of the organization while reducing the carrying cost of maintaining undrawn credit capacity. Crescent Point expects to have an unutilized credit capacity of approximately $1.8 billion at year-end 2021.