$$ per flowing barrel of oil equivalent Quick and dirty recalculation of the valuation of a flowing barrel of oil equivalent in this deal, given that 49% of Nal daily production is liquids, yields ~C$113,000 per barrel poe/d. That is a discount that could attract another bid, notwithstanding the breakup fee of $45 million. The estimated savings in annual management fees alone are $10-20 million. PGH just might want that cash flow enough to raise their bid.