RE:Updated Presentation Posted on November 30 I red the new presentation yesterday and, among other things, noticed that under Montney assets overview they dropped Pouce Coupe and Simonette pages which were included in the previous September presentation. Could be that these two properties are up for sale under the recently announced "Repositioning Process".
Flatrock in BC may also go and the question is what to do with proceeds plus forecasted free cash from operations. Regular and special dividends? Not sure if the management is hungry for major acquisitions in the current cycle of higher oil prices and higher valuations.
Someone has suggested that the co may spin-out Deep Basin and securities distributed to shareholders. Interesting times ahead.