Check out Fairborne's share price since its NR Fairborne got the same boucne after the announcement (even a better one) and then proceeded to get sold off to where it is now....lower than before the announce of their strategic review. I hope the market views EQU differently as they do have have some appealing oil based assets in Canada and their Hunton assets are high percentage of liquids and the Mississippian assets have high light oil weighting.
In essence this company by assets is a light oil - NGL company. It just happens to be producing mostly from its Hunton dry gas/NGLs assets.
This is what the market is missing when it values EQU at less than the worst of the dry gas weighted peers.
MANAGEMENT NEEDS TO HAVE SCOTIA DO A GOOD JOB OF ARTICULATING THIS VIEW TO THE MARKET. THIS IS AN OIL AND NGLs COMPANY WITH SOME DRY GAS PRODUCTION.