GREY:PENFF - Post by User
Comment by
wintersun10on Oct 30, 2012 5:44pm
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Post# 20541628
RE: Must be a Bargain
RE: Must be a Bargain https://www.bloomberg.com/news/2012-10-30/exxon-favors-gas-over-oil-sands-in-m-a-deals-corporate-canada.html
Producers with holdings in the Montney formation in northeastern British Columbia, could see bids for assets or entire companies as LNG proponents secure gas reserves, said Gordon Currie, analyst at Salman Partners Inc. in Calgary.
“You need to have a lot of reserves tied up to support an LNG export facility so it’s entirely possible they would be out looking to tie up additional resources,” Currie said in a phone interview.