RE:RE:RE:What it looks like...Whoever said that Spur is under the AAV microscope either knows something or is speculating. AAV is very Montney focused, although they do say they are looking at other projects/plays.
Spur was a first-mover in the Clearwater oil play 50-150 miles north of EDMTN. Headwater (HWX) just bought CVS out of the play, Tamarack Valley (TVE) is acquiring Highwood (public) and Woodcote (private) out of the play. A few other privates like Deltastream and Crestwynd are also having success. Economic play, shallow HZ oil wells and no fracs required. If and when Spur decides to exit, the upside on their properties will require significant new drills.
https://spurpetroleum.ca/
IMHO, if AAV share price gets stronger and gets to the analyst consensus targets of about $3.60 CDN, they should consider consolidating with one or more of the other AB Montney players (NVA or BIR - but watch the debt of both). Alternatively, pick off the Ovintiv and Murphy Montney assets on the BC side and see if they can move them to AB and run gas through the Glacier facility. May require some interprovincial pipe approvals but that can eventually be done.
| Source | Target Change | Current | Issue Date |
| TD Securities1 |  | $3.25C | 01 Mar 2021 |
| Raymond James1 | | $3.50C | 01 Mar 2021 |
| National Bank1 | | $4.00C | 01 Mar 2021 |
| CIBC World Markets1 | | $3.00C | 01 Mar 2021 |
| Tudor Pickering & Holt1 |  | $3.00C | 26 Feb 2021 |
| BMO Capital Markets1 | | $3.50C | 26 Feb 2021 |
| RBC Capital1 | | $3.50C | 26 Feb 2021 |
| Scotiabank1 |  | $4.50C | 14 Jan 2021 |
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