RE:My take...I've been sitting on the sidelines reading these posts for the last few days, but nobody has a clue what they are talking about.
This was the first post that actually made sense and had actual thought put into it.
The assets are probably Crescent's Point SE Sask assets based on the fact that CPG has been marketting them and the production profile fits exatly what they were looking to sell.
In the new release they say they're going to hedge 70% of their production. Having 70% of their production locked in at today's oil price is genius. That greatly reduces any risk of fluctuating oil prices and gurantees them a great cash flow for the next 4 years.
Looking at how many oil companies have disappeared in the last year, I think this deal would be impressive for any company to finance and pull off. You never hear about any oil company increasing their production by 2000%, let along a junior. I give these guys all the credit in the world, especially reading all the stuff people posted when the stock was halted.
With their oil hedged they have reduced their risk and will have a debt free company in 2 years. THAT'S AMAZING!!!
I think this is going to be a .40 - .50 cent stock within the next few months. They may have 2x their outstanding shares with new issues and warrants, but they more then 20x their production.
This is a no brainer buy at these prices and anyone holding was lucky to get in before the news release.