Probable price lag theoryI think part of WCPs price lagging at these oil prices as compared to some of it's peers are.
1..Too many shares
2. Not a very aggressive buy back when you issue almost same amount to do a deal.
3. Doing deals, others are paying down debt substantially, buying back more perccent of shares, special divi.
4. The dividend, who cares, pay off debt buy shares, if you got that much cash just do a special divi.
5. Look at MEG, CPG etc. grown far faster and both were basket cases 2 years ago. WCP wins no favors giving a few cents issueing more stack and doing deals. That will be the death of them in this market.
Just my opinion, but i do think they need to address some of the short failings andd focus more of returns to shareholders or they will continue to lag.