RE:RE:RE:RE:RE:RE:Thoughts on Cardium's companies Q3's....Thats the thing Rex...when OBE spent so much cash earlier in 2022 at that land sale....they basically singled PROP is going to get a large part of future capex. That land would be 5 years and OBE woild be eager to start getting as much of land "held" while oil prices are good. OBE could easily put Cardium drilling to mainatin mode with only one rig.
Thats the problem for BNE concentrating on debt reduction so hard, I think BNE had a few sections in that township that YGR just got into Phoenix and they could expire if they havent already.
Not that BNE has tons of land in halo that is undeveloped facing that issue but it is government way to prevent land hoarding and encourage development. Penwest used to own way more Cardium then OBe has now...lost some through years through expiry expecially land in not main pools that is held.
TheRexmember wrote: Be interesting to see what comes up for sale in the Cardium. It is pretty big - lots of bne land is quite a bit further North than YGR.
the issue with a tightly held stock is that the guys with the most stock want the paper to defer taxes - and they didn't want obe paper. Obe is a much better company with 100% of the prop assets now and maybe the clearwater acreage will prove up. Not all that strong two years ago. It was also a takeunder offer for most of the time it was open. No real reason to accept it meaning no catalyst Fink stepped in with some debt guarantees. I still think YGR should pick up obe land for ARO commitments. I think a deal should be available there.
did we ever find out much about the new land ygr bought? They paid up for it so I am thinking they really wanted to own it....