Contrast between US shale playersMany of the US shale players are trading at multi-year highs. Some are at all-time highs.
CPG, as we all know, is near record lows.
CPG does not have issues with takeaway capacity, nor are they in markets with tight labor and material constraints. If they have top operating net backs, as they claim, then why is the market discounting them so aggressively?
There is only one answer to that, and it’s the Management Discount.
For those small retail investors here that still side with Management, know that your stock will not trade like it did in the past unless top management is dismissed. Investors want a head on a platter, and will avoid the stock till it is offered to them.