Interesting move.....
Canada's Crescent Point Energy to sell North Dakota assets for $500 million
https://finance.yahoo.com/news/canadas-crescent-point-energy-sell-161014929.html
By Crescent Point......and really not sure what to think about, whether it's a net positive or complete negative outcome. One thing is certain though, that Crescent Point mgmt have show their cards & what they intend to do & go in the future. This divestiture in the Bakken area along with their previous acquisition of Spartan's assets in the Montney leaves no room for ANY doubt where their loyalties & agendas lie. Totally contrary to what Baytex & Ovintiv have done with their own assets & agendas....................Who will be right remains to be seen and probably will not known until the results of both the US & Canadian elections in 2024 & 2025 respectively.
Will keep following this "interesting" development closely........
GLTA