RE:RE:RE:RE:Some TD accounts are wash tradingbosstrade wrote: Based on the amount crescent point paid for shell assets in Duvernay, a minimum of $1.40.
900 Mil - 200 Mil divide by 550 mill.
Unlike the shell assets that CPG bought, where shell had basically 100% working interest in the Duvernay, ATH has a 30% non-operated interest.
See the Q3 2020 MD&A , pg. 6
In Greater Kaybob, Athabasca has a 30% non-operated interest in approximately 215,000 gross acres of commercially prospective Duvernay lands with exposure to both liquids-rich gas and volatile oil opportunities and an inventory of approximately 700(2) gross drilling locations. 75% of Athabasca’s Greater Kaybob development capital from mid-2016 to early-2020 was funded by its joint venture partner under a multi-year $219 million (undiscounted) capital-carry commitment which was designed to support approximately $1 billion of gross Duvernay investment. The $219 million capital carry commitment was completed during the first quarter of 2020.
Therefore, you can't really make an apples to apples type of comparison in regard to the Shell-CPG deal