RE:RE:RE:RE:HH Spot Price $1.50 range most of Q1 and into Q2i wouldn't normally respond to such a m@ronic post but for you i will make a special case...taking the latter 1st..
As far as Crew is concerned, and i did mention this MANY times in the past few years, Arc had many opportunities to acquire Crew cheaply, if there was ANY interest to do so. Why? Because for Crew, Arc is the best fit for its portfolio of assets. But as you well know by now,THAT never materialized. And if Arc did not buy Crew when it was at $1,or at $2 or at $3, it certainly won't pay a grossly overvalued $5 price tag. Besides, Arc is looking for large, diverse production at CHEAP valuations. And neither Birch or Crew fit that bill...........wrong!!! when BIR and CR was $2 or whatever..what was the price of ARC smartypants??.maybe
trading around $4...and what happened in 2021?? ARC mergered with 7 generations and therefore it was not in a position for anymore M&A at that time...and now in 2024 ARC is at $25 while CR&BIR trade around $5..any banker will tell you its a pretty good place to use the strength of your own paper to make a move thus not having to worry about financing..so why now?? 1st its arguably the last window before LNG Canada starts taking gas and changing CDN ie Alberta nat gas pricing dynamics FOREVER.
Anybody not doubt CDN gas prices will go higher?? Even Eric "the entertainer" Nuttall , the eternal nat gas pessimist recommended his 1st natural gas play "for the 1st time as long as he can remember" recently so going forward ITS NOW A RESERVES story which BOTH these intermediates have lots of!!!
"Not to bud into your conversation......but......Why in the world would you think that a merger between Crew & Birch is a benefit for either company? Besides the factidon't see ANY real synergies there.....for good reasons.....the eventual combined company would be a bigger cluster F of a mess than what both these individual companies currently are. So aBIG FATno .....a merger between Crew & Birch doesn't make any financial sense or any other sense." no synergies ..REALLY?? 1st of all, how about 2 head offices?? how about better terms on financing?? etc etc ..just go back to ARC's reasoning and there's a long list of attributes that the merger of equals between Seven and ARC would/did bring just in this case so your comments here just don't support the facts...
do your homework the next time before you make such groundless comments...dwdc