RE:Oil Flat TodayI think the CPG comparisons are getting a bit out of hand. Here are some reasons why you would want to pick WCP ov CPG. CPG's share price is rising ahead of earnings, but in the long term, in my opinion, WCP is the better bet.
1) Production growth, CPG is growing 10% from last year, but last year it lost 25% from the year before. That means, CPG is still down from two years ago. 2022 production growth is going to be flat.
2) CPG financial situation is not as strong as WCP. Their debt to EV ratio is close to 40%, WCP is under 25%. CPG should improve this year because they are putting all their cash flow to paying off debt.
3) CPG's hedge book losses are going to be higher than WCPs.
4) CPG doesn't have Grant Fagerheim as CEO.