RE:RE:RE:waterfloodsAbsolutely. Delta ties into TVE nicely and they will do well, but it requires a a few more years for the shareholder returns to manifest. Also, Brian had to pay top dollar to get those assets which puts them behind that much further. In discussions with the oil execs I know, this is why Neil shied away from the acquisition despite being in on dicussions to buy Delta for some time. According to the word on the street, what Brian paid wasn't even remotely in the ballpark of what Neil thought Delta was worth.
But as long as resource prices stay high enough for a few years, TVE will do well. And I think oil is going to run for a number of years. It's just a relative thing. If there was no HWX or BTE, I would still have a lot of TVE.
HWX is still in mega growth mode as a sole Clearwater player and already returning to shareholders.
HWX is peerless in Canadian O&G. The next 18 months are going to be stunning.
Bennys65 wrote: Hi Riski I own them both.Heard Steve Buytels give a talk on the rational behind the delta deal and it just made so much sense even with the debt and shares issued..Time and numbers wil tell.