RE: RE: RE: RE: Susan is a kid in a candy storeDoes anyone want to Monetize assets in the current economic climate? Is anyone interested in gas storage when they have all but stopped drilling for dry NG... I heard an interesting "blurb" the other day in regard to American NG production... did you know that in the past 5 years the Americans have increased their NG production by more than what Canada currently produces on a daily basis and that number is climbing...So.. given that the US has "replaced" it's need for Canadian NG... perhpas someone could tell me what a gas storage facility would be used for?
Recently... TCPL completed a NG pipeline from Rainbow lake to Ft. Mac... in order to provide a continuous and LONG lasting supply to the SAGD operators... and to supply additional (and regional) electrical capacity...
Lastly... AB New Premiere, has made it abundantly clear that there will be NO "surplus" power transmission lines running across the 49th... meaning that the Excess power AB Utility providers were going to sell via NG fired Co Gen plants South of the border are going to be put back on the shelf...
ANYWAY... it is a sad state... the "DRY" NG industry is all but mothballed for the foreseeable future... and PMT is priced accordingly... and like the once shiny Birchcliff... I'm sure what the Rose's and Ridell's are betting is that an investment at this price... is simply a hedge for an eventual buy out...
it's MY opinion.. git yer own.