RE:Land sale. When I spoke to IR not that long ago, I learned the following:
1. Duvernay sale is not for all lands, but only a small portion. It is still a focus area for them. Amount expected, not significant.
2. Company does not expect to sell 50000 BOE - only what they need to get the balance sheet in shape. The 50000 reference is too what potential assets could be available for sale.
3. As we know, tough market for sales now. They are expecting to put together some new packages in the new year. Having some progess before the AGM appears to be the pressure point for them.
4. Current informal talks for infractructure sales underway, Nothing to report on yet. The $500m mark is a reasonble estimate for infrastructure sales, if they materialize.
ValueSeeker wrote: So the east shale duverney is past its bid deadline. On the Sayer website it states it is under review/close pending. This is vs. Available post bid deadline. Maybe this us why the stock rallied on the 12th. Has me optimistic that the first divestiture is on its way. Hopefully there will be more coming shortly.