Orion Office Reit Inc V.ONL

Primary Symbol: ONL

Orion Office REIT Inc. is an internally managed real estate investment trust (REIT). The Company is engaged in the ownership, acquisition, and management of a diversified portfolio of office buildings located in suburban markets across the United States and leased primarily on a single tenant. Its portfolio is comprised of traditional office buildings, as well as governmental office, medical office, office/laboratory, office/research, and office/flex properties. The Company owns and operates 75 office properties with an aggregate of 8.7 million leasable square feet located in 29 states. It leases its corporate office space, including its corporate headquarters, which is located in Phoenix, Arizona. Its tenants operate in a range of industries, health care equipment and services, government and public services, financial institutions, insurance, capital goods, software and services, consumer durables and apparel, telecommunication services, materials, and energy.

NYSE:ONL - Post by User

Orion Office Reit Inc

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Post by opg210on Mar 26, 2012 11:39pm

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Post# 19721205

Second HZ well

was spud on Mar 9. May not get results for a while if completion is halted due to spring breakup.

This is a big well for ONL, if it works and a lot of locations are firmed up, should be some good share price action. If it doesn't....not sure what the next catalyst will be.

It doesn't appear the Duvernay sale/farmout offer went well, but could be early days yet. It would have been nice to see them sell the Duvernay rights for even a few million. They are useless to ONL, especially if expiring soon. A farmout would be great as well.

Time will tell!

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