OTCPK:PDPYF - Post by User
Comment by
zeus55on Sep 28, 2013 1:03pm
191 Views
Post# 21775520
RE:Speculation
RE:Speculation"PPY is the only junior left in the Montney and is a very attractive target but it may be too small for the larger players."
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It isn't the size of the prize, but the strategic positioning of their assets. And a potential 3TCF isn't all that small, either.
"PPY has shown no intention to deviate from its five year production plan and has the capacity to export LNG through the BC LNG consortium by early 2015 to fund internal growth."
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Well no, they cannot. PPY already turned down the terms when the tender came out.
Agree with most of your post, but just thought I would clarify those two points.
As far as the trading in PPY letting us know when a deal is coming, that may not happen. We have seen several examples where there was no buying at all just before the buyout came.
So you simply never know.