RE:RE:RE:RE:RE:RE:Triple Five Intercontinental GroupThanks for the fantastic response, just a few things to in my head:
- Westbrick put out their annual investory presentation recently https://www.westbrick.ca/PDF/Westbrick_Presentation_July2021_Website_FINAL.pdf and it's a lot of information to digest, but like SDE's BXE lands: things are looking pretty great at C$4 summer AECO. They are carrying $207M in debt but made a large acquisition of Velvet's deep basin acreage.
- The ITE acquisition was of COP vintage acreage, most of which they already had shared working interest in. I know it's a fine distinction to make, and the price I3 got was attractive, but with AECO at C$4 in the summer I wonder if fire sale pricing is coming to an end?
SDE has a lot of acreage to chew on with the Cequence and Inception lands if M&A gets hot in Canada, but I feel like they're not done acquiring yet.