RE: What's up with RER's CBM Assets?Hi fellows:
I will throw my thoughts out too fwiw. rer is a strong cash flow generator (see my last post). This allows them to diversify and to try riskier and deeper plays without diluting the shareholders. They are growing quite nicely with reliability. They are not a long shot double for those looking for same. Why trust if you can grow the assets and the share price by 38%/yr (RJ report). Personally I will take a fairly reliable 38% anytime.
All the companies are reliant on the commodity price. It is the trusts that are just commodity plays.
rer is also looking into more gassier plays around BC (my territory) for the future. Again they have the resources to do it.
Don't know their view on cbm. I see it as a bit of a last resort (perhaps unfairly) where the other plays have grown too small. If you look at cf I think ember is overpriced.
easy does it
Islander