Apart from CUTPICK, check out other CPG deals
Check out the deals of CPG in 2012. Pay attention at the deal with RELIABLE ENERGY which shows the WORST CASE scenario for SCS:
January 2012: CPG bought Wild Stream (TSX Venture: WSX) for $611 million, adding production of approximately 5,400 boepd.
February 2012: CPG bought assets in the Viewfield Bakken light oil resource play in southeast Saskatchewan from PetroBakken (PBKEF.PK) for $427 million in cash, adding 2,900 boepd (85% oil and liquids) in production.
February 2012: Crescent Point also acquired Manitoba light oil assets (70% oil and liquids) with production of just 940 boepd for $130 million.
March 2012: CPG acquired the majority stake in Reliable Energy that it didn't already own for about $99 million. The deal added production of approximately 1,000 boepd (65% oil and liquids) from the Bakken light oil play.
Reliable Energy was HEAVILY IN DEBT. This shows that SCS can get AT LEAST $200M as it has DOUBLE production and MORE OILY production than Reliable Energy.
Excluding the net debt, it gives a market cap of $90 M MINIMUM, which is $1.1/share !