CPE is still $1.39 only due to the 1/10 reverse split enacted back in Aug. Highly unlikely that CPE will scale the same heights as the other oil cos. because investors simply won't support as much of a $20 below-investment grade stock as they would of a $200 tech sector stock. Or for that matter a $2 penny stock.
That said, oil is indeed looking like it will make a strong if not so swift recovery sometime in 2021. Key barriers remain including global aviation, leisure, cruising, hotels & hospitality, and shipping -- these need to open up before oil goes up in a meaningful way and more importantly, stays at reasonable prices for the industry to be cash flow positive some years from now.
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