RE: RE: RE: RE: $427 Million asset Sale to CPG 2,900 boed assuming Bakken 23,500 boed (2011 Dec.) 12% of the Bakken unit.
Assuming 50,500 boed company wide (2011 Dec.) less than 6%.
My vote is
- Don't buy anyone while oil is at $103. Leave this to CPG .... Better to wait a bit.
- Pick up a bunch of prime land at the lands sales. It's a lot cheaper and no ' Goodwill " involved.
BC Date: 18-Jan-12 Bonus: $32.3MM Acres: 60,530 Avg. $/ac: $533
Alberta Date: 8-Feb-12 Bonus: $79.1MM Acres: 349,538 Avg. $/ac: $226
Sask. Date: 6-Feb-12 Bonus: $26.4 MM Acres: 98,499 Avg. $/ac: $268