RE:RE:Undervalued They have so more wells they could drill in what they already have in Kaybob. Capex will be spent expanding there. I wouldn't anticipate another aquistion.
Moemoney42 wrote: Quote:
"Another thing , cash is king and I really dont like us buying back shares and rather see us use that money towards R&D or developing other wells or ... anyway something else. What do you guys think ? I really do see something special in the next 9 months for this company. Who knows , maybe another acquisition? "
I wouldn't be surprised to hear CPG pick up more acreage in and around the Kaybob assets.. I recall another company looking to divest in that area (can't remember who, but I think it was Repsol??) but with the recent offer of disposing of some non-core assets I'm sure they're looking at investing those dollars in a more profitable area like Kaybob..?