RE:Aftermath.......Where things go from here!Remaining BC assets were likely viewed by Conoco as non-essential. Not sure what KEL plans to do there after this deal closes. The deal does give them options to move on to other things.
The AB Montney assets fit well with AAV and Pipestone. Those three should get together and the short straw has to run it. AAV has the team and a better asset base.
The Charlie Lake AB lands fit with TOU who has a history of buying things that fit.
After closing with Conoco, if they got $30K boepd for all remaining assets on a share or cash deal (16000 boepd including undev. land) = $480MM + residual cash ~$65MM = $545MM/188MM shares or $2.89 share. If the $89MM of debentures are still outstanding, and I think they are, value is less.
Will be watching, but don't own it yet. All just my opinion.