Hammerhead sold 2.55 BillionHammerhead sold essentially for the price of NVA, will less acreage+ roughly 1/2 the production.
It just demonstrates how cheap NVA is, and it should be trading at much higher levels. CPG got the taste for Duvernay wells, and then bought some Montney acerage and now their addicted, to liquids rich Montney/Duvernay.
I think they should be very positive for NVA, and we should see a reevaluation soon.
I think CPG is excited about the Montney, but i am not sure they have the experience, or the talent that NVA has in management.
In any case i expect to see some heatup of M&A expecially in the Montney.
IMHO