RE:RE:WCP is a huge laggardYes I bought some CPG when it was around $1.50 durning covid as well. I had a choice of buying CPG @$1.50 or MEG @ $2 however and I chose CPG. 4 years later MEG is at $30 while CPG is still at $11. Goes to show not all Canadian oil company moves up at the same rate.
WCP and CPG has been treking about the same for the past 4 years. If one goes up, another will eventually catch up and surpass it and then vice versa. These two companies has done this dance about 10-20 times the past 4 years. I thought I was smart by switching my CPG shares over to WCP when it was at par since WCP was way ahead of CPG at one point. Now I think I've made a mistake. I rather hold onto CPG.
Westcoastenergy wrote: I own both, though I bought WCP at .88 at the depth of Covid. As a result, I don't pay much attention to what the stock price is doing since I essentially get back my initial investment in dividends annually and I expect it to grow.
As for question, CPG just had a big drop after its financing at over $10. So, this is a bit of a rebound from that substantial dip. I actually prefer Surge to CPG, but Surge has been a laggard until lately. I expect it to outperform both CPG and WCP and it has a very nice dividend.