Right now investors are in a selling mood and the best you can hope for at the present time is for the stock to hold onto support at $0.625!
Looking at the value of the stock since the announcement of the merger with Valeant Pharmaceuticals International (VRX TSX) I think the short term good news is already baked into this pie and its about execution of their plan as we go forward.
CPG intends on spending $750M in 2010 and drill 331 net wells. For the time being I would say that your dividend which is currently yielding 7.5% is safe. The price of the shares is another matter.
