Just an idea
You know I was looking over a few Canadian oil and gas companies over the last few days, Torc, Surge, Whitecap, Legacy. 3 of the 4 are divy payers who made acquisitons turned to a divy model and there stocks have moved up nicely since. The thought here is with all of the companies out there trying to sell assets i.e Penn West, Lightstream, Renegade etc. etc. Why doesn't Legacy tap the Canadian Pension Plan on the shoulder again for further investment dollars and perhaps add a little equity raise as well. After you get some more cash buyout Renegade, cheery pick some lightstream and or Penn West assets, and turn to a divy model? If done correctly this could be a very lucrative transition.
With the number and quality of assets out for sale right now, it would seem now is the time to strike. In my opinion there is tangible proof that this type of deal can be done successfully. Why not??? Cheers Matthew