RE:RE:Entrada not so bad too = 67% liquids & ARO RicochetI don't think it makes sense for either IPO or BNE to pay 100m plus for Entrada.
Entrada doesnt have any high oil producing wells like Rico does.
Think BNE should aim for 60% on oil and not liquids.
Hedge cruve is poor right now on NG so cant really hedge alot of new stuff.
It really depends how much pay for flush production per flowing barrel.
Also more consolidation potential in Pembina versus Willy green..smaller land area
Natural has prices were too high last fall for any consolidation to take place, over 5.5 Aeco prices in Q4 last year, it made drilling easier for every cardium company as if oil was low on a well the NG could make the well economic with a decent payback.