GREY:LSTMF - Post by User
Comment by
JohnDDon Aug 29, 2011 9:23pm
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Post# 18991499
RE: RE: Victor Henry prediction
RE: RE: Victor Henry predictionI always believed that CPG would like to get a hold of PBN's Bakken assets and consolidate their position in the Bakken. Given PBN's need to raise cash around year end for their 2012 capital program, they have to do something. Selling all of the Bakken assets would allow PBN to focus on their SE Sask conventional oil, Cardium expansion and any new resource play.
If anything is going to happen, I would expect near year end or early next year...and may depend on the results of PBNs test wells in their new plays...just a thought. I don't believe a complete take out of PBN is in the cards..
John