TOU - I think ARX would be a great fit.
ARX has a large number of Midstream Assets that TOU could quickly be monetized and reduce the purchase price.
Kakwa has about 1.1 Billion of gas processing capacity, 3x100% owned gas plants running at 46% utilization, that could be ramped up. Kakwa is currently producing 180,000 boe/day.
Attachie is a great project for the future, and TOU has many assets in this area.
I think TOU could do a 3 for 1 ARC shares for one TOU share, just over 200 million shares, i think it fits well with TOU ( Gas, Condensate, Liquids )
Making it the Largest Gas, Condensate and NGL producer in Canada and a big step up in terms of production
FOOD FOR THOUGHT
IMHO