Additional comments “It’s really been a year-and-a-half since Crescent Point was involved [in M&A activity] so they are back with a pretty significant transaction here which I think is good for southeast Saskatchewan producers in general,” said Don Rawson, managing director of institutional research with AltaCorp Capital Inc.
“It does point out that there is a lot of competition for southeast Saskatchewan assets right now. When you think of all the producers that are looking to add assets like this, whether it’s Surge [Energy Inc.], Spartan [Energy Corp.], TORC Oil & Gas Ltd. or maybe Legacy Oil + Gas Inc., there are a lot of buyers,” he added.
“For some producers that are potentially sellers, or sellers down the road, it’s good to have Crescent Point and a number of other companies active and looking for assets. I don’t think Crescent Point ever really went away but its absence was probably felt out there.”