Pros/ConsPros- Debt-free + $100m in cash/Trading at 3x rev fully diluted based on Q1 rev/AECO was even higher in Q2 than Q1 and remiains high today and through August futures.
Cons- Dilutive growth model/Venture Exchange/Foreign ownership levels/
To me, this cannot fulfill expectations until the Cons are resolved.
It thus becomes a waitng game to see if AECO stays high enough, long enough. The basics of which apply to all Cdn. Nat. Gas producers not named TOU, CNQ, or ARX.