Some numbers on some oil stocks i followI currently have shares in GXE and CJ for the dividends and CJ for the most upside if prices increase. As you can see all except BTE are heavily dependent on WCS pricing.
I would expect all these stocks to increase as oil price increases. The spread for WTI/WCS today is $10.90. Do your own due diligence.
Debt Shares Production Dividend
BTE 2 billion 856,000 153,000 b/d (forecast 2H/23) N/A
* WCS 22% weighted
TVE 1.32 bil 557,000 68,000 b/d .15 per annum 4.70% yield
*WCS 50% weighted
SGY 332 mil 98,000 25,000 b/d .48 per annum 6.87% yield
*WCS 50% weighted
CJ 78 mil 159,000 21,700 b/d .72 per annum 10.73% yield
*WCS 55% weighted
GXE 12.8 mil 261,000 5,900 b/d .12 per annum 12.50% yield
*WCS 55% weighted