Post by
MyHoneyPot on Nov 15, 2021 12:37pm
Kaybob Duvernay - Deal of the Year
CPG purchase of the shell assets was done at half price to the current oil+gas metrics, yet it is not reflected in their share price.
A lot of wells are being brought on 15 DUC's plus a pad of their own they are completing plus two partner pads. I think that CPG is asset rich, and could make a deal that would entirely clean up the company and the balance sheet.
The Capex guidance for 2022 suggests to me accelerated activity in the Duvernay, and the have both condensate rich lands and Oil rich lands.
The stock is simply to cheap, and once they reach their debt objectives this is a 12 dollar stock, their hedge book is clean and beautiful, which suggest that they pretty well get full value for all their produciton.
A new paradyme where Liquids rich pad production can ramp up quickly with amazing economics.
CPG should be trading at 12 dollars.
IMHO
Comment by
shenty46 on Nov 15, 2021 12:55pm
You are spot on Honey pot, this is a 15 dollar stock languishing at sub6 levels, there is no trigger in the immediate future still I believe we may see some positive news by next month. Accumulating on every fall.
Comment by
LiquidOctopusV2 on Nov 15, 2021 4:08pm
And to add to this, the Duvernay aquisition looked like a really solid aquisition at $50/wti. The numbers all all lined up.