I sold out of CXY for a modest gain a long time ago and never bought in since. The reason for this was that CXY did not take their environmental obligations seriously.
I direct you to the DERM report which criticised cougar for not building in-house technical knowledge but rather relying on consultants. This is a major factor in the problems CXY is now facing. A decision was made not to take the possibility of environmental damage seriously, but rather proceed with a shallow green wash. The savings made then a dwarfed by the problems faced now.
Rest assured, the absence of in house technical expertise will go down very very badly in court. If you think this will be an easy win for cougar, you're a fool.
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