RE:800 million set for acquistions in 2020Private valuations are higher than market, so I wouldn’t put too much faith in that avenue. Private placement at market-oriented pricing could be an option for a public producer feeling pinched - winners all around. With shipping issues being addressed (if slowly), more oil, rather than gas, might also be a timely addition.
Lots to ask Santa for.
uograd wrote: So they have now put it in print that they are well financed to acquire and it is part of their strategy to grow their cash flow.
Took out my handy dandy montney map this morning and there certainly are a few potential candidates.
Will it be pony or crew or storm of a mid size privco. Black swan and advantage or birchcliff are likely too big.
Your guess is as good as mine but it is going to happen which will lift the value of all these guys even if they don't get bought out.