RE:Watch next for these things:Adding to the previously shared intellectual commentary by TGC, note the following.
Crew are in a position where they can sell the company in full 'at any time'. It is theirs / Dales to sell, it is not the market's to buy. Plenty of interest always and entertained discussion.
There is a plan there but watch Tourmaline's new south montney strategic development. They will not discuss the details of this publicly. Though Tourmaline have excellent assets in the North Montney (Aitken, Conroy, Laprise), which pay out in 3 months at $2-$3 AECO prices, TOU are keen to have more inventory and production south of the peace river where they are ligher and the toll fees are less tied into CGL for LNG. You go north you pay on the North Montney mainline, this adds up on every mmcf over a 40 year terminal life.
Summary: Do not rule out Dale accepting an offer BY THE RIGHT COMPANY, and this could include: Tourmaline, Shell, ConocoPhillips, Cenovus. CNRL do not pay up and Dale will not come down. The major have the money and can issue shares for a higher CR sale price.
WIn to develop and doulble company.
Win to sell the company for a 50% premium in high quality stock.
In Dale you should trust.
~TGC.