Condensate well over $90With the increase in risk due to the stupidity of Trump, and the falling Canuck Buck, Canadian oil prices, and especially condensate, are really catching a strong bid.
Any Western Canadian condensate producer is going to be making very strong cash flow going forward.
I haven't wanted BBI to be taken out, but it is definitely a target now. Luckily we have a strong financial position, so cannot be bullied into a bad deal. I still think Garth will want to wait until we are tied into Tidewater, and producing into that plant at maximum capacity, before they even consider an offer for the company.
Looking good for BBI and its shareholders.