Flush certus I ageee with you certus has good assets but that is a double edged sword....
Pinecliff should have already had a rig rolling on certus land by sundre/Caroline.
company's are scaling back on drilling around Alberta but not in glauconite zone hot spots.
between whitecap and tourmaline on old bomavista land they have 4 rigs working in that area.
glaucontite goes from ng to more oily but even the ng side produces enough NGl that natural gas prices don't matter.
Take most recent certus well that started producing in like oct....it is a fairly large natural gas well but it also produce a pile of pentane, butane and propane etc ...some of these wells can produce 900-1 million in revenue just on ngl s so natural gas prices being down isn't going to stop drilling as fast as analysts think.
I expect pinecliff to announce 40-60 million capital program.
certus management team must have had a reason to sell...maybe land expiry issues and with size of company and cost of glauncite well and risk in hard to raise capital market...