RE:Stockwatch - Energy SummaryRegarding our Bakken .... What's it worth ?
From what I've found out Bakken is not in the Viewfield Bakken sweet spot.
We sold our Sweetspot assets to CPG back in 2012.
There is Torquey (Three Forks ) under our Bakken but I'm not confident management know if it's economical and how much is there.
In the CPG Jan presentation they claim their Viewfield Bakken break even of $41 US / bbl
IMO, this puts our Bakken break even well over $50 US / bbl .
This Viewfield Bakken sweetspot is the large area not owned by us centered in our (LTS) map of the Bakken.
FWIW...
They (CPG) show their Viewfield Bakken break even of $41 US / bbl
They (CPG) also show their SW Sask, area as $52 US / bbl
They show their Flat Lake/ Torquay break even as $49 US / bbl
JohnDD wrote: "Mr. Saxberg even hinted to Bloomberg last month that more acquisitions could be on the horizon."
You would think that LTS is on his list of potential acquistion -at t some some reasonable price for both parties say a around $5/share later this year, when prices recover. I would gladly take 100% shares in CPG.
They could turn around and sell off the Cardium to VET or other cardium player. Here's hoping and praying. End our misery.