RE:RE:RE:RE:Turning point...For a public company, BTE is probably only company with better drilling prospects to grow oil than TVE.
BTE one of the few companies it could be debated increasing more budget to drilling makes alot of sense especially whenever oil is over 100 cad.
BTE is knowmn for clearwater, viking etc but BTE duvernay locations have alot of untapped value.
Issue is the capital cost per well but with tech gains in the industry its probably at really good payback numbers on sweet swot wells.
But wow did BTE drill some good duvernay oil wells.
Bonavista did too near BTE duvernay land and TOU bought them out. Bonavista didnt fit the profile of a company TOU likes to buy but Bonavista had increible glaucnonite dill locations and oil duvernay are coming in 15000-20000 plus barrels in first month.
In some ways, buying Ranger gives BTE some takeover protection if a world recession takes hold and oil prices drop and BTE share price does to those factors it cant contol.
The companies that make sense to buy BTE and bottom feeder market probably wouldnt find the USA assets as attractive.
Marketing reasons to get bigger in canada.