RE:RE:RE:RE:RE:RE:CPG very much undervaluedThey have to be aggressive with the buybacks, which they seem to be doing. But remember the share count is only 14% higher than it was the last time this was a $20 stock. We're up 5% for the day and I'm feeling relaxed on this holding.
Anschutz wrote: This has always been the way with CCCPG management and board and why the market discounts everything they say.
Volkomm wrote: Can't really fault them for hedges made in hindsight. It was a very different environment when they were put on. With that being said what they do in the future matters. There should be no hedging in this environment, or only hedging to protect the capital for new wells and infrastructure.
The only issue I have with this company is their share based compensation. Last quarter they issued almost as many shares as they bought. This cannot continue.