RE:RE:Suggestions for an oil/gasco with more upside than CPG?
Thanks for more suggestions everyone.
WCP's low was only down 60% from the 5 year high. Since then, they have recovered 9% of that $11 drop in SP. I was buying @ $7.49 and holding for my 50%.
GTE is bouncing on its 52 week high and after dropping "only" 60% from its 5 year high, it has recovered 19% of that drop. Surprisingly, VII has done just as well but is still trading in the IPO range. And VET, after dropping 68%, has recovered 24% of that drop. So, here are 3 companies that the market might not hate too bad.
And CVE has also recovered 15% after its 5 year SP drop from $34.68.
So far, it looks like CPG's SP is recovering in the same realm as SGY, CJ & ATH, to name a few. The only problem is that CPG's P/CF beats everyone else that I can find and they are 80% light oil unlike the others just mentioned. If/when it normalizes with its peers, we should be seeing a $13 handle as per RBC's and BMO's price targets - about a 30% gain.
Hey Cardboard. You say that many peers have better metrics than CPG. Any suggestions??