RE:CPG VS ARXWell CPG has not really make the case for the Duvernay yet, wells, well results, and a plant.
Kakwa owned by ARC is the best asset in the entire Montney bar none, that being said ARX does have a price target around 20 dollars, but this year along they will loose 1.5 billion in hedging. 2 dollars a share in hedging losses.
Next year they still have significantly hedging losses.
So CPG is really cheap here, should be a double, and something smells to me that they are drilling partner wells in Kaybob, where they already have one of the largest land base.
CPG next quater will blow the socks off the market. Way way to cheap in my opinion, and the assets are too good.
IMHO