RE:RE:RE:RE:Informative posts on GXE on BNE boardI am only hostile to the particular pumper (Oilly Pants) on the BNE and CJ boards who spread rumors that are clearly false. I agree that the future for Canadian O&G is consolidation as the stronger absorb the weak. I believe that it remains a buyers market and the premiums paid will not be too juicy for the seller. However, the buyers who are smart will reap the benefits of the economy of scale and synergies.
Recent WCP activity has proven to be a good example of this strategy. In regard to CJ, I would prefer that they aggressively knock down debt as the first priority and secondly implement a NCIB and maybe take 10% or so of their stock off the market.