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He has gone in and out of it. Have a very aggressive spending plan to the end of the year to meet their exit guidance. It is essentially a slam dunk. Dividend yield is about 7%, which some people are mildly concerned about. But they will never cut their dividend. Company has done a good job of deleveraging the balance sheet. Good long term hold or short term trade.
Portfolio Manager, Sprott Assett Management
I'm wondering what you think of Petrobakken. It seems you really hated the name a year ago but now seem to be bullish. Was the asset sale to CPG the catalyst for you're change of heart? The stock seems to be under severe pressure, trading today at 10.24. Is it a buy here or is there further downside risk? Would you just add to a CPG position instead? I'm already heavily weighted CPG.
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