Post by
Poise1 on Jan 04, 2021 9:45pm
Looking to exit...
Strong rumour they want out of SE Sask. Looking for a sale or a deal...that would explain the lack of licences and activity. Stupid idea. SE Sask if treated carefully is the bread and butter for success.
Comment by
ThatAlbertaGuy on Jan 04, 2021 10:44pm
who would buy them out you think ? Tundra ? CP ? Whitecap?
Comment by
Poise1 on Jan 05, 2021 1:30am
Most likely Whitecap. They are consolidating many SE Sask assets. I do know they are also looking at CPG non Bakken assets. Currently CPG has a hold on any minor deals with the privates. Bottom line Vermillion failed miserably in SE Sask...to proud to take advice from the long standing privates. Too bad..
Comment by
Backinblack1000 on Jan 05, 2021 8:56pm
This post has been removed in accordance with Community Policy
Comment by
shakka on Jan 05, 2021 11:06pm
Gold old Nuttal. This guys flip flops on picks when it suits him. Just a month ago he 'hated' VET due to its diversification. Probably wanted the price lower to enter. What a bum! This stock is best positioned for the oil recovery. The diversification is what will get the $$$$$$$ with Brent and euro gas prices. Dont forget the premium on the Australian oil! $20+ by Q2 is my guess
Comment by
mnztr on Jan 05, 2021 12:29pm
Maybe there are better areas for them to expand or they see more value in buying back the stock? They want to grow where the pipeline capacity will be.
Comment by
shakka on Jan 05, 2021 12:35pm
Expand in Europe and Australia. That is where we get the premium pricing with Brent and Euro Gas.