RE:Crew Debt LevelSounds logical Gonatgas. Of course we know that Crew may have a very good option to reduce debt by selling non core assets. What we don't know is how much demand is out there for Montney land. I think probably quite a bit of demand but what are they willing to pay?
Dale and his group obviously know that answer. They will not let Montney assets go for less than market value, because they don't need to. Who would the likely buyers be? Tou, Topaz, Arx, Cnq or Shell. Obviously the closer we get to Kitimat LNG being completed the more value there will be.
Also what is the demand for the heavy oil assets? Can we get $30 million or do we take something less just to get rid of. Or are these assets actually contributing to cash flow in which case we do a little drilling to keep production stready?