RE:RE:Suggestions for an oil/gasco with more upside than CPG?
Thanks for your best Picks Mr Davis
I have played with SGY in the past (from $5 down to $1.70.sh) but I have not been impressed with their price recovery in the past few months. Only 6% up from their 52 week low based on their 5 yr high. Similarly, CPG reflects SP recovery of only 5%. Paul is doing a great job (Sax's predecessor) but their WCS weighting seems to be holding them back. SGY is definitely a laggard from the standpoint of the investing community and has room to run.
Likewise with CJ. They have a 41% WCS pricing penalty on their production. Nice dividend but also only a 6% recovery to their 5 yr high. Lower decline rate with w/f optimization upside. Good upside but the market isn't cooperating (yet).
I have been watching BBI and they were only down 48% from their 5 year high (CPG, SGY & CJ were down 82%) with a price revocery of 32%. My concern is low daily volumes. Buying a substantial holding would be difficult to liquidate in a down market.
Happy trading!