DOUBLE your money in 2 weeks.buy Galleon energy
EnCana will anounce the Duvernay shale discovery and the Acquistion of Galleon energy at the same time. let's count the time from now.
that's important for EnCana to double their production in the next 5 years.
EnCana 's CEO said:
https://www.ctv.ca/generic/generated/static/business/article1502026.html
EnCana has one of the largest natural gas portfolios in North America with about 12.7 million net acres of land across northeast British Columbia and down to Texas and Louisiana. It is always on the look for more acquisitions.
“We continue to look at some of the newest emerging plays and to try and understand whether they can improve our overall portfolio and whether or not their value is reflected in the prices that are being paid in the market.”
https://www.financialpost.com/related/topics/story.html?id=2686715
Something "momentous" is expected to happen at when EnCana Corp. hosts its investor day in Calgary today, with one analyst predicting a new natural gas play to be introduced
Duvernay shale is the only one that is good and big enough for this momentous discovery in western canada.
High hopes for EnCana investor day
Eric Lam, Financial Post Published: Tuesday, March 16, 2010
https://www.financialpost.com/related/topics/story.html?id=2686715
Something "momentous" is expected to happen at when EnCana Corp. hosts its investor day in Calgary today, with one analyst predicting a new natural gas play to be introduced
Duvernay shale is the only one that is good and big enough for this momentous discovery in western canada.
Things are being kept very hush hush in the industry, for a reason. There's a new prospective Shale play in Alberta on the verge of major discovery. This is important to note because Galleon is probably the biggest player in this area and the one most to gain from it. That wierd news release of a recompletetion hole a day before Annuals and their"intent" to sell isnt a coincidence. They have been approached, probably by several parties and Encana (see last post) might be one of the suitors. There's BS being posted around and spread throughout the markets that land sales near Galleon's key arearof the Peace River arch were dismal. This is all a rouse and completely the opposite of what is truly occuring around that area. I was told that all The big players stayed away from purchasing large packages in tha area on purpose, not to run up the valuations (and eventually the asking prices) of the smaller, intermediates like Galleon. These guys are way ahead of the game. A brand new and highly prosepctive Shale area in Alberta is being discovered, just adjcent to BC's Horn river. Unlike Horn though, this section is easily accessible 365 days!! year round and probably lower cost. The insiders and big players are trying to pull a fast one here over investors in compnaies like Galleon. If things play out the way i think they will, Galleon's land base in just that area could be worth north of at least 500mm!!!. They have about 600 sections!!! there, you guys figure it out.
Duvernay shale will be the next huge shale gas play after Horn river Muskwa shale gas and Montney gas.
No doubt Galleon can move on without duvernay shale development.
The reason Galleon sell it's self is some one want it and be willing to pay for at an attractive price.
Duvernay shale is widely distributed in the western alberta,but it is shallow enough for ecnomic developing only in Galleon's land area.To the south of Galleon's land ,south of Grand prairie,Duvernay shale is most 4000-5000 metre
deep. It's no way to extract gas at that depth.Galleon recompleation the Duvernay shale well at about depth of 2700 meter.
Duvernay,shale is almost the same geological time as Horn River Muskwa shale. And they formed in the same condition too.
Try to imagine 500 sections of core Montney or Core Horn river lands.That's what's Galleon sitting on now.
Don't be surprised if EnCana or someone else buy Galleon for over 20 bucks per share