Losing faith in Craig, Nuttall & Barb Folks, have been a Crescent Point shareholder for several years. Started adding immediately after Saxberg was gone as the transformation plan excited me.
Over the past year I have been immensely disappointed with the team. The stunning lack of insider buying despite atroicous performance relative to peers, the failed buyback which saw less than 1% of shares retired YoY and the static debt which is only going down because they sold assets, including critcally needed midstream infra from the Hammerhead deal.
Folks, I am watching other oil names like Tenaz and CNRL, Crew, Peyto, run free yet I certainly bet my wager on the worst, maybe 2nd worst, only after Baytex?
This stock is on the big red chair and I'm bout to hit the eject button. Anybody got a reason for me not to do otherwise? Very close to being gone and forgotten. Nice tax loss writeoff. Failed management team and all the sellside targets are totlaly bogus because they do so many deals and have so many friends at the bank. Self serving interests.
DOUGHSKI