RE:A dog is a dog regardless of its name CPG - VERENMyHoneyPot wrote: I look at CPG and with almost 4 billion in debt and comparable production to WCP
CPG market cap 7.6 Billion almost 4 Billion debt 200,000 boe
WCP market cap 6.5 Billion almost 1.5 Billion debt 175,000 boe
CPG 11.6 billion - WCP 8 billion enterprise value
CPG has questionable management and it will take them a long time with Eric Pounding on share buybacks to meet its debt target.
I think these is a good reason to buy WCP, and the cost of carrying all that debt. Also CPG is about 45% more expensive in terms of enterprise value.
IMHO
It is my understanding that CPG has a better ratio of oil to gas than WCP. Also they have more light oil compared to heavy oil that trades at a discount (although gap is narrowing)