Attractive buy for liquid major
CPG is going to get bought. Just a matter of time. I would say wait for the stock price to make a new low (since inception) and I think you'll see a major step in and buy these assets. Major conventional player in the Western Canadian basin with established leases in friendly O&G communities. CEO stepped down in May (started the company) so the major psychological hurdle/investor has already signed off in a sense. Just read that it is slashing it's payroll and working on debt re-structuring/elimination. A company like this (small/mid-size) only does that if it wants out and is trying to groom itself for suitors. IMO
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