Sell in 2023?Cheadale lets play armchair quarterback for a moment.
You work for a major E&P company active on the Montney trend and you are the head of the acquisitions department. There is one significant asset left on the table.
Do you:
A - wait and try to buy the asset after completion of a major pipeline that feeds a large LNG project and risk losing it to a competitor
B - try and acquire the asset before the pipeline is constructed, even if you are forced to pay what will be perceived as a premium, but you know will be pennies over the life of the asset.
CNRL and Conoco made their decision.
Please provide feedback.