After q4 Petrus and Ygr After reading both companies q4...I have changed my tune a bit on which company has the more waiting leverage and who needs the merger more to happen.
I mean one thing that hasn't been mentioned on the topic is some of you may not be interpreting the reason why gurdeep gill was madepresident...to also mentor management and build up future management skill and succession plan potentially.
Who is a natural management succession in Petrus? Do gray brothers want to be dealing with stress of up and down ng prices for another 5 years or 10 or 2
I actually think Ygr management team is very good. If this play is going to be developed in a resource manufacturing pad style I can see why they tried newer and different completion technology. The time to try this is before they are paying a divey. I would have done same in their shoes.
remember this management team has a long term approach and need this to have survived the last 10 years that have had some really bad price bottoms.
Even going through work and effort of making an oilfield services division I think shows they expect to be doing this long term.
Could also be why ygr is letting Petrus win some land sales.
Even though Petrus built a north Ferrier pipeline that is pretty cool as it crosses north sask river...slot of potential Petrus chambers drilling locations are probably not near pipeline or road leases.
ygr chambers develop is crafty as stay on north side of north sask river and it is a more of an extension for ygr from their Ferrier base westward.