Post by
TheBridge on Sep 13, 2023 12:12pm
Noteworthy
In an article this morning ' Scotia analyst reveals his stock picks for the top resource play in North America' by Scott Barlow, Market Strategist at the Globe and Mail.
Scotiabank analyst Cameron Bean sees big opportunities in the Montney formation in Alberta and British Columbia. "We expect the Montney to be a key driver of Western Canadian production growth over the next decade and a hotly contested M&A target over the next 12-24 months. Top Exposure. In our view, TOU, TPZ, AAV, ARX, CPG and WCP offer investors the best high-return organic growth potential in the play."
Comment by
whereshunter on Sep 13, 2023 12:34pm
i am trying to decide if i should sell some cpg and add to wcp if both get to the same sp. any thoughts?
Comment by
DrBill1 on Sep 13, 2023 12:50pm
Because of the Saudi's, expect a strong positive bias on crude oil barrels over the next 3 - 4 months. This bias will support all oil producers. CPG has been playing it close to the vest with very safe forecasts, forecasts which they should easily beat. Therefore, I would, if I were you, stick with CPG until at least early 2024, re-assessing then. Regards, DrBill
Comment by
whereshunter on Sep 13, 2023 2:14pm
ok, thanks. i currently have 11000 wcp & 16300 cpg . was considering 50/50 split
Comment by
JohnnyDoe on Sep 14, 2023 6:36am
Yes I can see mergers next year. Wouldn't surprise me to see wcp and CPG merge. The only issue would be which CEO ego survives.
Comment by
TheBridge on Sep 14, 2023 11:44am
Johnny, from many years of observation and attending WCP agm's I'm convinced that the Fager's ego is infinite.
Comment by
fishcarrier on Sep 14, 2023 12:25pm
I did exactly that. I hold about 2/3rd Wcp to 1/3rd CPG now. But the difference to me is not terribly great. I worry a bit about next year's production outlook for '24.