If you invest in POU you need to realize that the family Riddells own 50% of the company, so they will not issue any equity likely and if they do, they will always maintain their control on the company. This is good from the standpoint that management is aligned with the shareholders, it may seem difficult at time because they do not care about the quarter-to-quarter share price, they are more concerned about long term value creation.
They have the very best assets in the industry, and JR (Jim Riddell) says everything is for sale. They are not attached to any of these plays and are totally willing make deals and expect 2 or maybe 3 deals a year. The quality of their play is highlighted by their ownership in the Kaybob area, the most prospective area for oil and gas exploration, primarily exclusively operated by super majors.
POU has over 1 million acres of land, and another 1 million acres of prime oil sands leases, and some of the very best plays in Oil and Gas. Plus they also have many private investments and 4 thermal plays on their books.
POU has a relatively small float of free trading shares so have a lot of torque to increases in production. However, they do have a little more day to day volatility in trading, moving a large block of shares at a point in time may be difficult, but have not been difficult lately, they volumes have really picked up.  
 
So, if you are ok with a small float 60 million shares.
If you are ok with a president who is the largest shareholder in the company.
If you are ok with a company that is always engaged in deal making.
If you are ok with a company with a 40-year legacy of earning money in Oil and Gas.
If you are ok with the fact that a hostile take over will never work.
 
POU is a company where you do not have worry about the management doing the right things, you can focus on the macro economics of the oil and gas industry. The management can create value in good markets and bad, and they will do the best to protect your investment.
 
Karr and Wapiti are ramping up, and Karr with hit 40-45 thousand boe a day this year 56% liquids, 87% condensate. POU is on the road to generation 500 million a year in FCF from Karr and Wapiti that will support a substantial dividend, not 24 cents a share like Arc, for 25 years.
 
They have numerous plays that will take them into the next 10 years of exploration.

IMHO