RE:Pembina Cardium is sold. How much?Hi TGC
It is actually more like 6,500 BOE a day now as ARC drained this asset like CPG did with their Southsask stuff. Also why ARO is so bad...this was a FCF cow to fund other stuff.
So 6500 BOE and I thought 225m in ARO....
So I would day 60-70m if deal signed early and maybe up to 100M if talks happened abit later.
It's only a 40M FCF asset...with that ARO not going to get more then 2 times CF...sadly...the market is what it is.
I go with with 60-70 Mfor fact all cardium bidders that make sense...BNE or IPO have bank reviews that they will struggle to get through...
The thing that puzzles me the most with alot of retail investors is people not realzing how broke companies are and how hard capital is to recieve.
Cheadle12 wrote: Serious analysis only.
10,000 BOE/d, high ARO. What is this worth per flowing barrel?