RE:Now has a good balance sheetKeep in mind that Eric Nuttall started selling Athabasca in Q1 and continued into Q2 per the latest institutional filings. He seems to be conscience of his reputation as someone who leaves retail holding the bag as exit liquidity so doesn't want to scar it further and doing it slowly this time. He's been adding to TAMARACK VALLEY. Also dumped Nuvista as natural gas is at risk of going to zero.
I do absoluetly love the Leismer asset. Hangingstone isn't bad too. We get cheap natural gas optionality which makes high cost assets like that profitable thanks to dumb Canadian Montney E&P's who love to flood the market with cheap supply. Thanks to dumb E&P's like Crew Energy who are forced to switch to condensate drilling due to depressed natty, we also get CHEAP condensate at a great discount which makes blending costs much lower.
Honsetly, I like the fact that Eric sold this or partially sold this. Thinking about geting back in! This is a great name and going to get even better as natural gas prices head to zero just like Eric Nuttall recently insinuated.
Cheers