RE:RE:No Votes .......CPG is the company that should be front and center in a deal with PIPE.
1) The large contiguous block of Montney rights is an extension of what CPG already controls.
2) CPG and PIPE are working interest partners in 20 sections. CPG operates these lands. My understanding is that PIPE has about a 25% working interest.
3) CPG just sold it’s position in N.Dakota. ($675million Cdn) My understanding is that CPG has significant properties for sale in Saskatchewan.
4) CPG has a great currency (their shares) to help transact a win-win deal.
Five companies, including Strathcona have expressed significant interest in PIPE. One company was shut out from bidding due to the acceptance of the Strathcona offer.
Two of the major shareholders have not indicated support for the offer.
CNQ and Shell may be laying the weeds (likely a cash offer if they show up). POU and NVA could benefit from this acquisition