RE:Anybody Know
I am guessing they are going to make an acquisition. Nuttall had speculated they might or could monetize their heavy oil lands (6000 boe/d) at Lloydminster, the by product of their 2009 purchase of privately held Caltex (paid $620 million for 10,600 boe/d, 60% heavy oil) or even sell their Princess medium oil property the by product of their Gentry purchase five years ago. But with over 250,000 boe's/d for sale in the WCSB an acquisition in the liquids oriented space might make sense. Intermediates like WCP, TBE and BXE are on the upswing. Now they could sell the oil properties and turn around and stay gas oriented perhaps take out a DEE. They have options but it is obvious the Montney is their focus and building off that might lead to a path of creating some upswing in this issue.