Equal Energy Ltd EQU

CPG is cashed UP

[parachutist]

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!

[parachutist]

and  PPY.V  (Painted Pony)   with  ONLY    25%  oil and liquids  flies  as  high  as  100,000+   $  per  flowing  barrel ! What  an  unfair  life  !