That was when CPG was a ponzi scheme, i.e. a pacman going back to equity markets with artificially supported (by dividend) offering prices. I am not sure investors should now begin to trust the 'new' reformed entity.Crescent Point increased its dividend from 1 cent to 12 cents yearly, or 3 cents quarterly. While that seems like a big increase, I remind myself CPG used to pay 23 cents a month, or a dividend 23 times higher than their new one. Of course, most of us knew the old dividend was unsustainably high. I could see their dividend going up about 500% in the next few years, but not 2200%.
Let's hope the increases start this quarter.This is the second story I’ve seen predicting a 25% in bank dividends. I’ll take that!
Touching Baytex circa a decade ago -> tears.I got out of CPG years ago when it was like $44?
I remember my old boss buying some around $20 and I couldn't understand why. I would never touch CPG. Same as Baytex. God, I can't believe Baytex used to be 50.