RE:CCCPG PerformanceIf you look at the past 5 years, WCP and CPG track up and down together with CPG always being slightly below. The reasons are reputation and debt. The fear is, probably more than anything thing else, they'll go binge on aquisitions. That's what started this mess, they were out buying during the crash.
But Craig Bryska has only been at the helm since 2018. He's obviously cautious. I expect they'll continue balance sheet discipline and if I didn't think that I'd relocate my money.
Anschutz wrote: With less than 10 days to the next earnings report I thought it interesting to do a 10 year comparison of the price of WTI in relation to CCCPG and WCP. The result is quite stunning. Although the rise in CCCPG share price has been good to see, it's trading at a disconnect from WTI. WCP share price is doing a much better job in relation to WTI pricing. CCCPG decoupled back in 2016 and hasn't recovered. For CCCPG to perform the same we'd need to see a 80% increase from CCCPG's current share price.
There's still a massive potential for a significant increase in share price if Bryska and board can keep their hands out of the cookie jar and accelerate a pro-shareholder agenda.
Come on Craig! We need some big news for SHAREHOLDERS with earnings! WTI vs WCP & WTI vs CCCPG
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