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.