RE:RE:Updated Presentation Posted on November 30I would say they're looking to buy some Montney asset(s). Perhaps one thing - buy asset A - depends on the other - sell asset B. It's gotta be pretty big because they have ample credit facility, haven't been afraid to use it and could issue stock as well.
Thing is for the Seller esp. for significant shareholders in a company with quality oil and gas leases, you want the very best management developing your play,.. And If you can't hire 'em, join 'em. And it's become obvious over the past year that Spartan are among the very best at developing oil plays in the Montney. Plus if you can take some money off the table in these uncertain times and keep significant upside, even better.
GLTA.