RE:RE:RE:Cormark I think, SDE is a buy at current prices, especially in non taxable accounts like tfsa. Logan shares plus transaction warrants (or a smaller piece of the pie post financing) is a free gift.
Simonette area plus a 50% ownership in a gas plant, has a great potential for growth. $100 million in raised cash will make it a very busy year for Logan. They may consolidate so there will be a chance to add more post consolidation.
Deep Basin should be worth a lot more more than $4.50 (roughly $14 - $9.50.) 40,000 boed, interest in 3 gas plants including operator and 25% in a 230 mmcf/d Deep Cut plant. I wouldn't be surprised if post dividend SDE will resume trading above $5.