RE:Open You Eyesturning properties they have into "seperate companies" has been an UNmitigated disaster for the owners of those new companies. if they try this again, run do not WALK to your broker and sell whatever "newco" POU spins off. POU should learn to OPERATE what they own and do WAY LESS financial engineering to generate returns.
MyHoneyPot wrote: Read the list of deals the company has done over the last two years, and now they have more production, more land opportunities, and a better balance sheet then 95 percent of the oil and gas companies in the industry.
We have seen Montney deal and sections of prospective land sold for 10 million dollars, but we have not seen duvernay plays be sold or traded that much.
The six duvernay plays the company has could be six separate companies, Karr may be a separate company soon, and Wapitia will be a company soon after.
Its not the management that is the issue, it is the limited share count, that keep the big funds away.
I expect that Jim has a number of plays that need a lot of capital and you will see POU dripping in money soon, by selling off a few assets and then everyone will be talking duvernay, because Montney will be an inferior play.
Another 200 million for freehold, means POU is sitting with lonly 400 million debt, and no balance sheet obstucles, expect them to accelerate the development of duvernay.
They need more cash and they need to get these assets working trust the management to do it...
IMHO