RE: RE: RE: Not so bad I think the paltry under $14 netbacks off the Q1 earnings was telling. Despite the solid production gains to 3200 boe/d (now 2500 boe/d with break up) I see RE needing to ramp up infrastructure. Yet the guidance was towards divesting non core assets, reducing debt and concentrating efforts. Do they sell off their Lloydminster area properties and focus southward at Mantario and Onward? Really is debt an issue (reporting for end of year projecting $10 million) ? I buy Bill Bonner's take probably a take out target. If BTE does not buy TBE (plausible but unlikely) I see TBE going back on a similar to 2012 M&A spree looking long and hard at RE, PXL.V and don't count out large private concerns like Rife Resources, Gear Energy and Northern Blizzard plus a host of smaller struggling heavy oil concerns. Some combination is going to emerge as a rapidly growing BTE like structured heavy oil player. Activity via the Daily Oil Patch Bulletin is a helpful watchful indicator. RE is in the mix to grow, merge or be acquired. No volume is not necesarily a bad thing.