RE:RE:Licensing Details (RBC)It makes a lot of sense, Quint. Trolls aside, ARX has massive respect among bank analysts, market watchers and industry insiders alike. It would be a no brainer for a super-major looking to integrate and scale-up in advance of the coming LNG boom.
And I'm with you; I'll happily hold my position as the buybacks alone provide a lot of future upside, to say nothing of its stellar balance sheet and growth potential.
Cheers and GLTA ARX bulls.
Quintessential1 wrote: Now I get to specualte a little bit.
A big player like Cenovus has only bought 3 licenses?
Now I know they have a lot of tar sands mining for their oil needs but the COO said they were looking at ways to reduce their condensate expense. I don't think 3 wells in lower condensate areas is trying very hard. Wouldn't it make more sense to buy the country's largest condensate producer before the stock rerates? (shout out to mhp for the rerate).
Do not get me wrong I can hold this stock happily until it drops out of my cold dead hands.
But, if some savvy big player were to bring a 1 for 1 stock swap my votes could be bought.
CVE didn't do any buybacks last month and precious few the month before that. Saving up?
They have a new CEO....is he looking to make an acquisition name for himself? AP parting gift?
Food for thought and happy days anyway.
GLTA ARX BULLS
retiredcf wrote: Oil and Gas Licensing Details
Oil and gas licenses from our coverage group in March 2023 include:
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Ovintiv (58) - 58 hz (Montney)
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Canadian Natural Resources (26) - 8 hz (Sparky); 6 hz (Montney); 5 hz (Wabiskaw); 5 hz
(Dunvegan); 1 hz (Notikewin); 1 hz (Spirit River)
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ARC Resources (23) - 23 hz (Montney)
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Baytex Energy (19) - 14 hz (Viking); 3 hz (Clearwater); 1 hz (Colony); 1 hz (Waseca)
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Peyto Exploration & Development (18) - 6 hz (Falher); 6 hz (Wilrich); 4 hz (Notikewin); 2 hz
(Dunvegan)
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Whitecap Resources (14) - 7 hz (Viking); 3 hz (Midale); 3 hz (Glauconitic); 1 hz (Shaunavon)
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Tourmaline Oil Corp (14) - 6 hz (Montney); 4 hz (Charlie Lake); 2 hz (Spirit River); 2 hz (Cardium)
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Crew Energy (10) - 10 hz (Montney)
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Headwater Exploration (10) - 10 hz (Clearwater)
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Crescent Point Energy (10) - 5 hz (Bakken); 4 hz (Duvernay); 1 hz (Shaunavon)
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Vermilion Energy (6) - 4 hz (Montney); 2 hz (Midale)
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Birchcliff Energy (6) - 6 hz (Montney)
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Cenovus Energy (3) - 1 hz (Waseca); 1 hz (Falher); 1 hz (Spirit River)
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Kiwetinohk Energy (4) - 2 hz (Duvernay); 2 hz (Montney)
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Pipestone Energy (3) - 3 hz (Montney)
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Kelt Exploration (2) - 2 hz (Montney)
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Tamarack Valley (2) - 2 hz (Charlie Lake)
Clearwater Licensing Details
Clearwater oil and bitumen wells licensed during March 2023 included:
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Baytex Energy (3) - 3 hz at Peavine (Analogues (Wilrich, Spirit River) 36-78-16W5; 18-78-15W5)
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Headwater Exploration (10) - 4 hz at Marten Hills (16-075-02W5; 13-075-02W5); 6 hz at Nipisi
(Analogues (Ostracod) 08-079-09W5)
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Spur Petroleum (1) - 1 hz at McLeod Lake (16-080-02W5)