RE:RE:Waterous EnergyGoing public will allow the market to decide a valuation for their company. Based on their recent presentation, SRL believes that if this new company is valuated similar to other large cap oil and gas companies, PIPE shareholders should do OK.
https://www.pipestonestrathcona.com/_files/ugd/bd7041_ef326773e8b8466eb0f3623b706650ab.pdf They have no plans to sit on their hands. Once their company is fairly valuated, they can use their 90% of voting shares to buy whatever they want. Maybe some heavy oil producers like ATH or MEG are already on their radar.
They could go back to being a private company but I do not think that is their plan. They want to become one of the largest oil and gas companies in Canada. Their August presentation says it all.
Creating a New Public Canadian Oil & Gas Champion