RE:RE:RE:Crescent point buys Hammerhead EnergyCPG should sell off..Hammerhead still has natural gas in their prodution base alot of it even if oil in wells. Hammerhead's financials look way better because they are hedged until end of year at really good prices for some.
Even though Hammerhead has goos drilling locations, they sold out before any down cyle in NG.
Low NG prices hurts payback time. Simple as that.
I think CPG should have waited but management must have felt they had to act before someelse does.
Paramount i would assume would have been interested in Hammerhead.
More of long term move for CPG before sell value.