Important plus for CVE - tubular goods increasing in price
There has been major cost jump in oil country tubular goods including casing pipes and production pipes. Everything steel.
That gives CVE advantage over unconventional shale drillers inlcuding everything in Permian basin andother big highly productive basins.
CVE wells once drilled are on production for 10-15 years. Unconventional shale wells decline rapidly after first few months and a robust drilling program is necessary to keep production flat.
So the tubing costs over extended time period are much lower for CVE and that should give them an additional cost advantage.