RE:RE:RE:I bet SGY gets bought outCPG would be the obvious candidate. They could issue a few more shares and eat it up for breakfast with a 50% premium...yes, PC and co bought a lot at much higher prices so they would resist anything below NAV (at about $4.4 or so according to latest reserve report). So yes, I guess they would have to offer a very big premium to make the deal happen...that being said, given the complementarity of the assets (Upper Shaunavon is basically divided between the two firms), it would make a lot of sense to make some of a deal.
Ultimately, this is one of the lowest risk proposition in the space. It is a core holding of mine and I see no reason to sell any time soon. If anything, I would add massively were we to test the $2 threshold again. This stock will be much higher as oil recovers. Right now, AECO prices being so depressed is hurting a lot of firms in the Canadian space, Surge included.
Long and strong...and I would agree to a 50% premium...even though I hope for a much larger return over the long run...