RE:250 wells @10 million each......is 2.5 billion $Agree crazy stupid... unless it's all part of a larger plan now that Shell is a significant CPG shareholder. Maybe Shell knows CPG is planning to raise the dividend... LOL.
Regardless this deal will have ramifcations throughout Canada's oil patch. I think we may see all boats get a lift today, especially if WTI continues heading higher.
soundandfury wrote: Basically shell gave cpg the land and infrastructure and 160 wells to cpg for free..........cpg only bought 90 wells @10 million= 900 million...........900 million would be what cpg would have paid to drill 90 wells......this seems almost to good a deal to be true.......imho