Veren Inc T.VRN

CPG VS ARX

[shenty46]

CPG has 20 percent less shares outstanding than arc resources, both are projected to report a billion dollar fcf, Arc debt levels is also almost more, should nt cpg also be trading near 13-15 dollars at least

[MyHoneyPot]

Well CPG has not really make the case for the Duvernay yet, wells, well results, and a plant.  Kakwa owned by ARC is the best asset in the entire Montney bar none, that being said ARX does have a price target around 20 dollars, but this year along they will loose 1.5 billion in hedging. 2 dollars a share in hedging losses.   Next year they still have significantly hedging losses.&

[shenty46]

Yes that is correct.

[LiquidOctopusV2]

That's what I think roughly for the price range - $11-14. 

[MyHoneyPot]

ARX if you compare its CF to tourmaline, should be have an equal enterprise value, they have twice the liquids. ( i mean crude and condensate ) CPG has about 9% more crude and condy than Arx, and that is about 60% of their cashflow, so CPG has about 66% of ARC cashflow in the way of Oil/Condy.  The gas component Arc has about 10X the gas production, and 2.5 X the liquids production. 

[shenty46]

Absolutely spot on.

[Dogsbreakfast4U]

Everybody knows that CPG is cheap and undervalued. There is a reason for that however : management and their contempt for shareholders.