RE: worse scenario played out pieces worth far les The company key assets the Lochend Cardium and the core Oklahoma Hunton field is yet to be sold or dealt with, everything you have seen so far is trimming around the edges. Equal continue to be undervalued on all key metrics (per flowing, per BOE P1/P2 and EV to DACF), the only thing holding the stock is the uncertainty about when the review will be concluded, or how it will be concluded, the most likely scenario is a sell of the Cardium and the conversion of the Hunton into a trust, or a sell to a trust. A major buyback is also possible once Canada is liquidated. A stock price between $5 and $6 is very achievable under most of those scenarios.
I would advice reserving judgment about this whole process until it is actually done; a lot of investors are selling out frustration and impatience.
Regards,
Nawar