RE:Update Would be nice to see some transactions there. Ideally with a few different companies. As you have pointed out - lots of potential to rationalize. Kind of surprised Spartan hasn't tried to buy BNE. They would be familiar with the assets...
Yes you are right they have a decent gas weighting. more oil than gas liquids - not sure if there is lots of ethane or not.
A little gas was hedged and they were using a low gas price number in their deck so cash flow isn't hurt too bad.
The low gas prices might finally shake loose some cardium acreage.
if you have any time listen to Phil Hodge over at pine cliff ( investors/videos). We might have a crappy first half but 24/25 are shaping up pretty good for natty.
10-12 billion in LNG coming on stream over two years. Including LNG Canada.