RE: Very Pleased with Equal Energy sale of Lochend EQU has indeed gotten very good prices for the assets they liquidated.
It has now come down to the liquids rich, but very wet, nat gas assets in Oklahoma.
What will the market think it is worth, considering a continued very weak market for propane and ethane?
If we have a cold winter, prices could make a comeback. If not, once nat gas drilling starts to ramp up again, the supply/demand balance for NGLs could remain in a very surplus situation for a very long time.
Lets be honest here, even though the reserves seem to be worth a lot more than the share price would indicate, there won't be enough cash flow to make the case for the creation of an 'income trust' unless prices increase, and increase substantially.
They may have no choice but to liquidate entirely, as that might create the greatest return for shareholders.