RE:RE:the market is starting to wake up to the BNE Montney assetLong time no hear Kavern! Two different issues regarding the Cardium land vs Montney.. But the end point is probably the same. They can harvest a lot of free cash out of the Cardium but it will be far easier to grow in the Montney. The economics are great with the condensate rich wells. You have mentioned drilling locations before Kavern it's easier to maintain 28-32 wells per year than 40 for sure in the Cardium. There are also a lot of bidders for anything that comes up so aggressive growth is tough to maintain. But they can generate 60-80 million a year in cash quite easily. And they do have about 700 internal locations. The area also reinvents itself with new plays or new tech a lot. Had a long chat with a BNE rep earlier today and I was extremely impressed with YTD results and the strategy going forward. The market is still not rewarding a high growth rate so they are going to take the free cash and keep Cardium production stable around 14k p/d next year and see what they have with a test well in the Montney. Regardless they keep nailing every metric so management gets a big thumbs up here. A few interesting milestones are coming up over the next year. An open hole well is going to be tried to see if some of the acreage is amenable to multilateral wells, the Montney well test, the return of a dividend in the next 5 months (likely December or January if prices hold) and hopefully a takeover some time if they can find a reasonable dance partner that has some land. Maybe we even get a decent gas market this winter?