CRESENT POINT ENERGY April /9/2022
Many companies raised there dividend prior to
earnings , one of those was WCP. Cresent point a couple of months ago approx , had a intra-day price higher than WCP low of that day. So CPG has been Extremely close to being on par. There is always a snap shot of a day or week in the market tbat either gives you what you want or comes close. Traders often become impatient , and if your stock is trailing another , and you feel strongly that the difference is over blown , your probably right. There are studys that show your first thought is the right one , and where we get in trouble is second guessing .
Reality is this .......The CEO Craig ! and board of CRESCENT POINT doe not want the price to be higher at this point . You have to have faith they have the long term holder of CPG stock best interest in mind , witch no doubt includes them . The short term investor will be frustrated by this .
The absallure hard truth is almost all oil/gas P/E companies can in one short brief announcement advance the three stock price considerably . All they have to do is increase the dividend meaningfully, and they can by the way ! All they need to do , and it's what we want don't get me wrong !
The announcement just needs to be ultra clear and concise in that it will state due to the long term out look of oil / gas pricing we are implementing a plan that balances the aproach to debt repayment to insure that the shareholders are rewarded MEANINGFULLY , creating win - win for all . The plan we are inititiaing is very conservative, and we are using 83 dollar WTI for the pricing model to repay the debt in 36 months , if pricing is avove this price model we will adjust the model to pay one time dividends to keep tracking the 36 month debt payment plan. ( I just pulled 83 WTI out of the air it's just to give the idea that thos debt can be paid back sooner if markets permit , or thr dividend could and can be raised )
This is just a idea , and it's to make a point . Whitecap is my largest holding , but they had already raised the dividend ,massively to 3 cents a month , they made a splash with the 10 M share buy back . They used there bullits .
So back to we have to trust the CEO has the long term shareholders best interests in mind , and in the shorter term the none excitement is actually or better be becsuse its in the long term shareholders best interest to have a lower share price to purchase through the NCIB more shares .
The better the price for management , the better it is in the long term for long term holders .
I 110 % believe they raise the dividend on May 12/2022
Then we will catch up to others like WCP .
This is my opinion . If I am wrong this is the worst management in the history of the world !!! Lol
I am wrong a lot Just ask my wife !!
Craig