CPG is cashed UP We all know that CPG is cashed up these days and it looks around to acquire Companies of its area.
As EQU owns the sweet spot of Cardium right on the Cardium trend, it is a great fit for CPG.
The 2 recent Cardium wells of EQU showed strong oily results with IP higher than 800 boepd.
I think CPG and Pengrowth (the second neighbor of EQU) know it very well.
Despite all this, EQU flies under the radar and it trade for only 27,000 $/boepd with 51% oil and liquids!