RE:RE:Leg has 4 of 11 best producing wells fall of 2014So realistically there are three companies for whom LEG makes tons of sense for: CPG, VET and Canera. VET and CPG have shares to use as currency which have fallen less than other companies in the sector, and Canera has access to significant private equity funding. For LEG management the only consideration has to be keeping the banks away long enough to execute a deal, and hopefully playing the three off against each other. Its risky because of the balance sheet but I like the potential for a deal, and I love the assets, so I think something will happen. This is supported by the strange lack of communication, and insider buying that both LEG and LGX have demonstrated.
Also I read the Canera article on the Financial Post but I can't seem to find it, sorry. It exists though!