RE:RE:14 Analysts say BUY LEG!Sorry to repost, but check out the P/E of WCP, below 10, whereas LEG is near 18. If I'm buying growth, I'm buying a company that has proven ability and value to justify a higher price. Fwiw, 'analysts' have pegged WCP's stock price at $19. Plus, you're getting a 6.4% div.
Yes, I hold WCP, and yes, I'm under water, but I don't have an issue with holding WCP while the price of oil stabilizes. Why? Because my div purchases that many more shares at a lower stock price. The price to earnings of WCP is nearly half of that of LEG, which, on a very top down analysis, LEG's earning power, per dollar is only half that of WCP. I admit that a higher P/E can mean a higher growth potential, for instance, look at TOG, but my confidence lies with the likes of WCP, BNE, TOG, SPE, not LEG.
Plus, check out CIBC's Oil & Gas Weekly newletters (available with a google search), you will see the hedging as well as essential comparable metrics. Compare those and then decide for yourself. I'm contributing to this thread b/c I held LEG, and I think there are better options out there.