The thing…why I follow Pne I realistically wouldn't short Pne for one reason, they may an option to hold stock value for for awhile..I suspect if Pne ever really needed money they could sell the glaucy and other drilling land with good undrilled locations that they got from Certus...Caroline/garrington area. Constantly a drill program for, whitecap, tou, and Taqa even with three ng prices as the wells coming out of here recently are really strong on pentanes on ng rich side of glaucy and glaucy gets more oily as go east....if this area can get so much attention from whitecap it can compete with montney play and surpass but it is variable land, would go for a very nice value and even more so if own rights to all zones, elders lie and cardium potential as well
I follow Pne as I am an oil and gas nerd and I find it fascinating the chess game so too speak that will go between Pne, tou, wcp and any others they may want just that land.
the longer aeco remains this low, more other companies should have incentive too wait for a better and cheaper deal...depend on if Pne gets desperate.