Second,
As others have pointed out, CTP is a solid cash generating business, paying down a sizeable debt. If not for the debt we would be multiples of current price. Further, refinancing, which is pending, will cause a significant rerate. As debt comes down, the chance of a favourable/cheaper refinancing deal goes up. In other words, we are approaching an important inflection point.Added to that we have significant upside via CBM acreage and Dukas.
Overall, a great investment if your have a 1-2 year time horizon.
Second,As others have pointed out, CTP is a solid cash...
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