Wembley/Pipestone La Glace is worth the Market Cap!
Look at the opportunity for Wembley/Pipestone a massive Montney Opportunity, with Charlie lake Iceing on the Cake...
Montney + Stacked Charlie Lake Zone for Light Oil
110,000 acres Wembley/Pipestone/La Glace + 24,000 acres Charlie Lake = 134,000 acres total
Wembley/Pipestone - La Glace ( 62% Oil/NGLs ) + Charlie Lake (72% Oil/NGLS)
So Eric Nuttal is looking for midcap oil plays.
WCP plays are around Monntney Liquids (32%), Duvernay Liquids (28%)
CPG plays are around Montney Liquids (47% - 76%) Duvernay Liquids (35% - 65%)
This play is the premium asset and it is pretty will contigious, and it is worth a lot of money, and it is in Alberta.
Kelt is just getting going and you likely sitting on the top asset that is in play because Kelt wants to sell these assets, they do not want to operate them long term.
IMHO