RE: RE: $9.45 bid/ask The buyout has been brewing for a while. Now, with the Kitimat LNG plant and pipeline on the drawing board, with completion in 4 or 5 years, any major that wants to consolidate their position in the northeast BC nat gas play will have to make their move soon. And CPG has been working with PPY in southeast Sask for years. So what I expect is a split of PPY's assets into the two areas of concentration, with CPG taking the Sask assets and a major nat gas player taking the BC assets. Very few energy producers have such easily splittable assets, and it would be a clean and simple sale.
Remember, PPY's nat gas lands sit directly on the pipeline to Kitimat, and most of their Sask light oil lands are intermingled with CPG land. And we had a major signal from the company just over a month ago, that they are preparing to make a deal for the sale. It all seems too obvious, but there are always investors who will sell on what they see on BNN. The recent fall in nat gas prices have people in panic mode, when they should be considering what the market will be like when the Kitimat LNG plant is on line. Short-sighted investors seldom make money, those with vision see the potential. Yes, it hurts to see the weak share price, but I have a pretty good idea where it will be when they sell, and it won't be eight bucks, I can assure you of that.