RE:RE:Comparing Pipe to Cardinal EnergyA bit of an oversimplification of CJ's products. They produce light and medium oil plus natural gas and some NGLs. They are able to sustain a dividend which speaks of their sustainability even with inferior product.
Now I am not pumping CJ just hypothesizing that PIPE should surpass CJ in terms of value in the long run once PIPE shows it will continually meet or exceed forecasts. In terms of boed PIPE will surpass CJ in 2020 because of their aggressive capital plan. Valuation logically has to follow this performance at some point.
JohnFriesen wrote: PIPE produces premium-priced condensate while CJ is mostly oil, and a lot of cheap heavy oil.