Took a look at Kelt's presentation today - compellingto see the delineation activity next to Pipestone's line. Kelt & PIPE share two mutual gas plants (Tidewater & Keyera) plus they'll be getting significant capacity by YE 2024 if all goes to plan. GMT Capital upped stake in both in 2023. Have to wonder if Kelt is an attractive buy for whoever comes for Pipestone. Gives alot of runaway for production and critical gas plant access.
Have to think these two could end up in the same hands, especially if a larger fish comes into play like Paramount or a CPG or maybe even more so, Ovintiv who is already there.
Thoughts?