RE:RE:RE:RE:December 7 PresentationI thought the fully diluted number had been around ~178M for a while, but I could be reading it wrong, sorry.
It's pure conjecture on a Westbrick / Deep Basin spin off. I know KKR has reached their horizon on it and have been dancing around taking it public. With AECO futures at ~$4.50 for the next few years this could be an ok time to market a yield vehicle to the public. Can't see other producers buying it but at this commodity pricing, with some owned infrastructure and a deep inventory of relatively low cost Spirit River / Ellerslie targets it has a compelling case.
Will be interesting to see if anything comes of this process, debt will at least continue to be evaporated so they'll be in a good position to pay another dividend/buy back shares if nothing else happens over the next couple quarters.