POU Positioned to Outperform
JR's conversion of his debentures to shares, means we reduced the debt by roughly another 35 million dollars.
Karr/Wapiti
POU will be ending out the year in great shape, you have Wapiti quickly ramping up, Karr pretty well full with debottle necking activities are now happening allowing the opportunity for expanded 1/2 cycle production.
Smoky Duvernay
POU will double the capacity at the Smoky plant, and opportunity is dripping over the derisk play that is surounded by Cresent Point / Murphy / Chevron. This is high liquids condensate, play area that is ready to be harvested.
North Duverny
The North Duvernay is a very light oil play, and POU will be drilling there, all the infastructure associated with Kaybob Montney Oil is in place. POU will start exploiting is North Duvernay play that has been significantly been derisked by Majors in the area. Another play with another opportunity to harvest.
JR has spent a number of years in the development of Karr and Wapiti, now with that esentially behind him, he will look at the rich inventory of opportunity POU has. While they have been working their lands have been derisked by players in the area.
Opportunistic Harvest Mode
So Pou is in harvest mode, and will put capital into projects that will give the best returns to the shareholders.
Transformation of Energy Companies
Energy companies like POU and TOU will be leading the way into clean energy, hydrogen, carbon captures, and energy innovation. Pou has no shares it needs to buy back, it essentially has zero debt, and it has acerage in all the best plays in the basin including clearwater.
Not a Fixer Upper with No Constraints
POU does not have to look back, it has nothing to fix, it paying a significant dividend, it will pay out special dividend, and management is with 40% share holder interest could not be more aligned with shareholders, what else could the investment community ask for?
IMHO