RE:Cpg will after the deal close go from 155,000 bpd I think you're mistaken on your estimates of production S&F. In Q1 of this year production averaged 139 kBOE/d with split being 67%oil / 13%ngl / 20%gas. At that time production was expected to grow organically due thanks to developments of the Kaybob Duvernay. Halfway through Q2 the Montney acquisition closed and that added about 38 kBOE/d, which was also slated for strong growth much like the Duvernay. So production prior to the ND divestiture would be in the range of 175 - 180 kBOE/d. Take 23 kBOE/d off that number and that is where CPG is after the ND sale-- that amounts to 150-155 kBOE/d. Also, expect that number to rise for at least a few years as organic growth occurs in the Duvernay and the Montney. South Saskatchewan stuff is supposed to hold steady thru ongoing investment.
There is a wide range of opinions on how good the ND sale was for CPG. For myself, I think they absolutely made the right move. Get rid of an outlying property that is in decline,with no hope of growth. Let somebody else ride that one down to zero. Take the money and reduce debt... that means the time when shareholder returns REALLY start to kick in is advanced by close to a year at current oil price. GLTA