RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:A seat at the table?I suspect they havent done a deal because IPCO is selective and the type of asset that fits for IPCO is hard to find in Western Canada.
I dont think they expand any of their heavy oil stuff in 2022 just for the fact is is cheaper to buy producing production still.
IPCO is a maintainer and not a driller.
Cenovus is supposed to be looking to sell big package of conventual assets.
TAQA canadian stuff is for sale.
I guess another option that has been discussed is mergin with Ridgeback. Although asset fit isnt great it would be big.
The nice thing IPCO has going for it is if oil weakens abit...the share buyback should support price.
Altacorp was a buyer steady all day again.
They dont stop.
Oldnagger wrote: Opportunities await any company that has strong cash flow and low debt. The best opportunities are likely to come from some entity that wants to sell out from petroleum for ESG regions. Look at the nice deal VET got from Equinor in Europe. IPCO can sit back and play that same game, in the meantime, developing their Canadian Heavy Oil assets has become very profitable. Now that the latest well pair at Blackrock has been successful and pipeline capacity is expanding further next year , there is plenty of blue skies !!