RE: Research Report on IOGNo way will the market accord this play a 5x cf multiple. You can buy plays all over for 1-2x cf. As such, I see very limited upside, even with much higher gas prices. And gas prices will soon head lower. Lots of NG plays itching for higher prices and plenty of rigs sitting idle - they will rush in - again - and flood the market.
And Pembina is turning out to be a mediocre play with the new Royalty scheme. West just put themselves on the block.
There are better companies than IOG to invest in imo.