RE:RE:RE:RE:RE:Have we started to turn the corner?Hendrick..once Peace River is producing 15,000 barrels a day it doesnt need Cardium FCF to fund growth....OBE can't publicly say we want to sell Cardium.
I am sure Loukas has seen Headwater only a 20000 barrel a day clearwater producer is valued at 1.6b market cap.
Obe has a better land position than Headwater.
Mixing Peace River with Central alberta assets will never get the valaution mulitple.
Obe just couldnt think of splitting the company in 2023 as peace river is only 6500 BOE a day....can self fund growth in PROP at that size.
If SDE offered the right share exchange for OBE deep assets hard to say what happens.....
But looking on land map...Cenovus, Westbrick and OBE central alberta deep basin stuff seem best fits for SDE.
OBE central alberta assets are very undrilled and underexplored for other zones that SDE does like spirit river or manville or elerslie.
I just find it odd how much OBE is press release and promoting right now....doesnt pass smell test...something is up.