PetrusReading Petrus update and one thing comes to mind. Why didnt Petrus earlier in the year use higher NG and oil price enviro to sell their non core oil and gas assets like Thorsby and foot hills, less than 2k boe of production and it really drag petrus value down as that is where majirity of Petrus ARO is.
Petrus cardium assets in ferrier are fairly halo based cardium as well but the other assets really drag them down.
Too bad as YGR would get increased economies of scale combined with Petrus and over 20k boe both companies shareholders would get a bigger following.
Like Petrus is making a pipeline from North Ferrier to their gas plant. The the pipleline is very close to YGR ferrier and chambers assets. I think CNQ filled up that North Ferrier gas plant that petrus owns small percentage in so they building this pipeline to go to their gasplant more south and 100% owned.
My point is...are NG prices good enough for both YGR and Petrus to be both investing capital in infrastructure?
Just something to think about.