RE:RE:LSB within $3 differential of WTIIt's political. Capital is fleeing the Canadian Energy Sector due to Federal Liberal Government and Provincial NDP policies. The energy sector invests on its own over 50 billion a year in the oil patch - this is gone, and is reflected in the AB, SK, and MB economies. Sometimes its no so much the oil companies themselves that are impacted, but all the towns and small businesses that support the industry. CPG is $4.28 - but look at XEG as an indication of the sector - XEG is floundering at $9.99 - no movement despite the strenght of WTI and BRENT.
I hate to get political, but it will take either a miracle or a majority Conservative government that will get the pipelines done, people back to work, before we will see any movement in CPG.
The other factor is CPG itself - head office need to cut expenses in administration. They need to execute buybacks at this low prices, and pay down debt. It would be stupid to try to sell Canadian assets - noone is buying.