RE:RE:RE:RE:BNE looks better than CJCashGreenGold wrote: No I agree with you on that, if WCS continues to improve, the leverage is there.
But that leverage goes both ways. Again, why CJ is more discounted and made less money, with almost double the production.
Both will do very well with higher oil, CJ likely outperforming to make up for the higher WCS discount.
However, BNE is a higher quality play, and less risk.
I don't see it. I ran the numbers, and their total PORs for 2017 were about the same. Now, with higher oil prices, CJ's toal POR is going to be much less than BNE's.
There is nothing wrong with BNE, but to say it is a better investment, I simply don't see it.
Ok, back to CJ discussion.