GREY:TBTEF - Post by User
Post by
bshort92on Jul 15, 2008 7:29pm
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Post# 15296022
Another rumor
Another rumorJust read that Crew Energy might be a takeout target for Devon Energy. Crew just purchased Gentry less than a month ago and now they are being targeted. Talisman may be in the hunt for another Montney player (Birchcliff?) so action is this red hot area is getting lots of attention from the big boys now that Shell has set the price with the massive buy of Duvernay. How long before we see some Jr's getting snapped up because many including TBE have better valuations from a production, net debt and quality drilling location standpoint than many intermediate producers. Shares in TBE,Crew and Birchcliff were all off today but all on below average volume. Go figure.