Even with poor pricing We get some interesting numbers:
Say 4500 flowing bbls/day light oil at 110K per flowing bbl = 495 million
2000 flowing bbls/day NGLs at 50K per flowing bbl = 125 million
11,000 flowing boes/day of NG at 10 K per flowing boe = 110 million
Duvernay asset to offset outstanding debts.
Total abt 700 million or abt $6 share, using poor pricing..
So, a Chinese buyer looking to get in cheap need only do a DAY type bid, say 100% increase(DAY was about 110 %), or about $7 a share..
And another fast growing Canadian company is gone.
If the buyer waits, the production levels will be higher, and the price likely higher. We shall see..