Veren Inc T.VRN

Food for thought..

[Moemoney42]

WCP P/E ratio = 2.97
CPG P/E ratio = 1.89
Tells me CPG has lots of room to move higher and outperform WCP for those who care.. I do own both so I'm neutral to stats, but do find the comparison interesting... 
By the way CPG is the lowest P/E of all the O&G stocks on my watch list.. a number of them have a P/E ratio twice that of CPG.. I'd say there could be some ratio catch up in store for CPG shareholders..?  ;-)

[Carbonbull]

Not the most meaningful ratio , but agree with the sentiment ,CPG has the best reserve report with the highest irr of the midcap non oilsands producers , its kaybob paticularily good,,,,,also its Sask property have a lot of hidden value , in the day i bid on those assets as they were being sold from talisman ....truly exceptional asset .

[ascii2]

CPG should buy XTO energy  assets as these are within meters of Kaybob. It will further improve IRR. XTO Energy Canada assets on offer include 568,000 acres in the Montney shale, 85,000 acres in the Duvernay shale and smaller parcels elsewhere in Alberta. https://www.reuters.com/business/energy/canadas-imperial-oil-market-xto-energy-interests-2022-01-12/

[ascii2]

After second quater results on 27th July PE ratio will further go down. CPG is firing on all four cylinders. 1. Good cash flow of approx 1.5 billion a year. 2. Debt remaining 1.8 billion (can be paid of in 15-18 months) 3. Hedges will be only 5% left by year end 4. 150 million dollar share buyback 5. Dividend payments approx 110-120 million dollars (10% of cashflow) 6. 10 billion dollars tax loss