RE:RE:RE:Did we over pay ? DeltastreamYes, it's a bet on the future. They are great assets and I think Brian paid about what they were worth at $85 oil. It's an incredible deal at $100 oil and looks expensive at $65 oil. So the answer to your question is: Where do you think oil is going?
I think we will be over $100 before the end of the year for a prolonged period of time. Several years.
It would have been nice to get Delta for less, but there were multiple bidders on the best assets in the hottest play in the world. So they were going to go for market price.
Scotchlight1001 wrote: The age-old question. In 2004 it was thought that Encana overpaid for Tom Brown Inc. ($2.3 billion). Now Ovintiv, is over $70. It all depends on the price of oil and gas.