WCP > $6.00I recall a time when CPG traded > WCP.
I think the difference here is the risk that is associated with the CPG management and BoD oversight.
I reiterate - a dividend is needed to show shareholder value. 3% on a $4.00 share price is $0.12 annually. At WTI $50.00 this is reasonable. At WTI $60, CPG shares will lag.
I don't believe that we will hit WTI $70 - there is too much excess capacity with OPEC and OPEC+, not to mention that the US shale producers will be back in the game soon. I could forsee WTI in the $60 range +/- $3.00USD.