Scuttle from Desjardins....
Hearing that the sales process for certain LEG assets is coming to a potential conclusion next week – we continue to believe that there is a good chance that SPE is involved, could be a catalyst for the stock. TOG and VET are less likely. RRX and CPG are other potential buyers.
The following is the theoretical M&A analysis that we have previously sent around for SPE, based on a $400 mln acquisition, which would roughly correspond with 4,500 boe/d of current production – which is the approx. size of LEG’s SE Sask – South region.