75 million dollars - What does that mean? Liard/Hornriver
If i were to guess of a company that could take out POU it would be Woodside because that are the Partners with POU in Liard/Horn river.
POU is drilling LIARD which is know to be one of the top basin in the world, and with Woodside into LNG in a big way who could be a better partner.
Really not a lot of activity in the last few years, well the drilling technology has improved a lot, with longer wells and better fracs, and improved efficiency.
POU bought Apache Horn River assets where Apache had drilled one of their best gas well in their coporate history. Now they have a number of DUCS sitting in hornriver waiting for completion.
The Liard wells, if they have been siting for a few years likely have had a bit of pressure buildup, and if they are drilling ones, these will be the headlines for Canada and for LNG gas production for the future.
POU is busy, and hitting their stride so 75 million to keep the balance at ZERO, it not a requirement but it is a nice luxary to have.
IMHO