RE:RE:RE:RE:RE:RE:December 7 PresentationI think we're in agreement, I'm just talking to fill the time. Definitely they're for sale: I think the Deep Basin and Montney properties find different buyers, or the Deep Basin is spun out as a new ticker and SDE continues to develop Montney acreage. [
The buyback/dividend would only happen if the 'strategic review process' or whatever they're calling it concludes with SDE still continuing in one form or another, as they've put any return of capital methods on hold...meaning all FCF will go to reducing any remaining net debt while we wait.
So many Canadian producers look cheap at current prices / oil & gas prices, SDE included. For years the only way to make money off NG in Canada was to convert it into BOEs and sell it to the public, finally feels like a corner has been turned in that market: producers are restraining capex, repaired balance sheets and few companies are buying. Hoping this sets up a 2023 as benevolent as 2022. Still holding gobs of KEL and PIPE that I'm underwater on my latest purchases, but SDE and TOU are my biggest holdings:
