RE:RE:RE:RE:RE:Merger candidates and presentation
FCF is one thing but isn't CJ steeped in debt by comparison to GXE? GXE is the only JR in the space that is on the cusp of being debt free with a big invetory - hence why Eric Nuttall is gushing over it. CJ has very good FCF but average inventory/prospects and high debt. GXE is the opposite. From that perspective they could be a good marriage which some have suggested. I have no idea if this is in the cards but it does make sense from a purely logical consolidation perspective that most are predicting in the sector. Full disclosure. I own some CJ but more GXE and I'm more familiar with the story. I'm expective once one merger/acquistion takes place in the jr space, I expect it will be like dominioes. As Kavern23 stated - more stuff will be coming to market soon with the banks coming in to do their redeterminations. It should be heating up right about now.