RE:RE:RE:RE:RE:RE:RE:RE:Wouldn’t they already know results from primary target now?I agree 100% Oil_Run but I think that US$12.81 might be a little light. Western Canadian oil producers are expected to have over $100 million Canadian free cash flow by the end of 4th quarter 2021. That's $100 million free, cold, hard cash that they can do whatever they want with after paying the bills and taxes or affecting the companies' operations or assets in any way.
For that reason Bloomberg is saying that merger & acquisition activity in the Canadian oil patch will go nuts. Companies will be looking for great prospects to acquire or merge with. I bet right now that Calgary is looking hard into this play. Wouldn't some of them start buying up shares soon while things are still cheap? Everybody got all spazzy and freaked out thinking that the Campanian had nothing. Dragonfly was saying relax, hold, because we weren't even there yet. CGX confirmed that yesterday. Anyway if a bidding war starts for the acquisition of Frontera/CGX as chulo123 said yesterday Fec alone will decide and I doubt that they'd give up this "pearl" at anything less than healthy premium.