From Mutt to GreyhoundThe mood of posters on Bullboard is often a good indicator of market sentiment at large. Often when everyone is whining it is a good time foir contrarians to step in.
The Montana purchase of 100,000 acres at $10/acre when good Bakken land sells for $11,000/acre is going to prove to be a stroke of genius. These guys are ahead of the curve on the Shaunavon trend...shale oil on the Sask side is only 40 miles away from the new property and I believe we have participated in a test well on the Montana side which confirms continuity.
Even the Sask properties are going to create excitement when the horizontals come in at 200bbl/day each (and I do not care that this is puny by Columbian standards)