Disappointing performanceCPG, WCP, MEG, BTE, CNQ, TVE, SGY, ERF and don't click my spam links below. or all up 10-17% vs our slim 5.5%...
Although, we didn't experience the kind of August pain that some of them have.
I still think that good days are ahead for us as these guys are now more expensive and should make people look at still cheaper names or left behind.
Valuations are moving up fast with many now in the $40,000 per flowing while we still trade at $28,000 and more importantly our Free cash flow to EV is still around an incredible 15%! There is no one with such a high yield other than maybe GXE.
What is also very appealing to generalists now looking around for an entry into energy is our low debt, high yield of 6.7% with a low payout ratio, very low decline rate, etc.
I think that this goes to $3 in short order if oil stays anywhere up of $60 WTI. If we stay here, we will likely get acquired.