GREY:LSTMF - Post by User
Comment by
JohnDDon Nov 07, 2011 11:53am
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Post# 19215195
RE: RE: RE: .m
RE: RE: RE: .mMangokid said: "I think the point, in this scenario, is if you are gonna sell assets they're gonna be non-core or non-producing. They will be looking to sell assets that will not jeopardize the dividends, in my opinion."
One set of assets would be the NE BC gas assets. They have to pay millions per year to maintain the leases - and this play will likely will not add to net cash flow for years. Plus by selling these assets, PBN is that much closer to being a pure light oil play. I hope we see an announcement of the sale before year end??
John