Problem is that "Ack" has been short CPG for 3 years or so. He is responsible for the dividend which means he is down over that time. Even if the stock does drop to $25 (not bloomin' likely) Ack will break even. Though maybe he will get some street cred.
CPG will exit this year with production over 100,000 boe/d. And despite all of the global negatively oil remains well above $80. CPG may be a "serial acquirer" but why is it a bad thing to add production? It is not like they are buying unexplored territory hoping something turns up.