RE:RE:The Way Ahead?Retiredcf - the Logan spinout will actually have 193,000 acres of Montney lands. The smaller SDE will be a deep basin 40,000 boe/d operation that will be in the old Bellatrix lands if memory serves. Yes BXE a name that gives me heartburn.
In any event I suspect SDE will be able to steward the Deep Basin, which is a prolific producer, in a better way than BXE and allow the Logan enitity to use their cash to start proving reserves. If all goes according to plan the smaller SDE will make money and the proven exploration team at Logan can concentrate on new Montney production. If and when LNG finally happens Logan could be looking pretty good, and certainly worth more than $0.35 per share. So that's my two bits worth on this deal.