GREY:HPXRF - Post by User
Post by
nlr2on Feb 18, 2012 3:57am
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Post# 19553400
PBN
PBN With Petrobakken clearing up so much debt in the last few months and their announcement that they plan to increase spending in the Cardium I think Hyperion would make a logical takeout canidate. They are partners in the Pembina area already and buying HYX out would give them complete control along with 30 plus sections of Cardium lands. If they paid $2 a share fully diluted it would work out to rougly $90,000 a flowing barrel. With is $57,000 cheaper then what CPG paid for the land in the Bakken. Also productionout a month or two out will be more then 1600 hence driving the cost down. If PBN share price can creep up another 20% then buying the cheap Cardium producers like Hyperion or Trioil would be more a more accretive and quicker way to build production then through the drill bit. Just a thought.