Maybe Wanklyn's unfortunate demise....Will be the WAKE CALL both Riverstone & GMT needed for them to take a more agressive & proactive approach towards Pipestone. As you folks can now see, life is short, if you weren't aware of that obvious fact before Mr. Wanklyn's unexpected & rapid departure. I for one harbor NO ill will or disdain for the man, and wish him well as he embarks on this long & arduous journey on his way to what will hopefully be a speedy recovery. So even though i'm not a religious person, may God help you, my prayers are with you and do wish you the best in these difficult times.
With this said, maybe now GMT & Riverstone will see the light and start thinking outside the confined & restricitve box these blind, lax Canadian Ceo's usually play in. If you want to be both recognized and survive in this industry, in this new paradigm shift that's been ongoing for a few years, you need to drastically change. And this means put yourself on the radar & compete for those "very few" investments dollars. And the only way to accomplish this, is to get BIGGER! A lot Bigger than what both Pipestone & Hammerhead xurrently are seperately or EVEN as a combined entity, IF that should "possbily" occurr at any point in time.
IMHO, and this is as honest as it gets, if A Canadian O&G producer has less than 100K boepd from 2023 forward, they are more or less irrelevant & meaningless in the grande scheme of things under this new global environment. Whether GMT & Riverstone want to part of it or not with their interests in both Pipe & HH, will depend on thier actions & decisions from this point on. And it will be those decisions that will decide if Pipe & HH will on the top of the food chain, are part the cream of the crop of Canadian O&G or drop to bottom of the barrel to be forgotten. As there will be no more space for middle ground operators to play in.
My hope here, as it's always been since i got back into Pipe, was that both Riverstone & GMT have indeed reconnized this fact and saw the signs by bringing HH online as a publicly traded entity to embark on this path. Because for all intents & purposes, i don't think HammerHead was de-privatized for NO reason........i really think there's a well thoughtout plan for both companies to flourish in the coming months, years.......or i at least hope there is 8)........and i've placed my bets accordingly!
As any succesful endeavor in the financial market, the road to success is paved by part knowledge, part timing & a bit of luck. I think i got the first two down quite well, now, we just the last ingredient to come through.
GLTA