good company but no plan to create shareholder valuePrivate market deals are going for $40k-$70k flowing
Implies a sale would generate $2.90-$5.80 per share
they have good assets, plent of undrilled Waskahigan and Ante Creek
important infrastructure, tax assets, and possibly 46-65 sections of Gold Creek Montney
given the disconnect between public valuations and private valuations they should assess strategic options
low debt is a bonus for an acquiror
since they have no plan to create value at $2.90-$5.80 levels they should do it via a sale -- who knows when these buyers go away, but relatively active at healthy acquisition prices today
Mgmt and board should be pushed a bit here