What is the focus?
Eric Nuttall commented on CR tonight on BNN Market Call Tonight. He basically said that CR changes their focus more than Elizabeth Taylor changed husbands. Makes sense witness their 2009 purchase of Gentry Resources that led to their aggressive Princess Pekisko medium oil (now classified as heavy) effort. He then touched on the 2010 Caltex purchase $620 million for 10,600 boe/d including 60% of that heavy oil in the Lloydminster corridor. He went on to say that both of the plays could be monetized in favor of focus to the growing robust Montney NG land position plus the emerging Tower BC oil play.