Within 5 years…Really doesn't tamarack valley selling Woodcote assets signal that at some point in time obsidian will get baytex peace river assets. If baytex had serious capital for their peace river assets they wouldn't have done that huge merger into USA plays.
baytex has gotten so big after merger with ranger that those peace river assets are not as material to baytex as rhey once were.
baytex does have option of selling their peace river assets as they have a growth play in central Alberta with great payback wells.
Baytex like Obe have this for under 80 million. These assets are also by baytex in peavine...I think that sends a signal were baytex priorities are.
once Obe either does something creative with financing or wait a few more months and use cf to pay down debt more and then I think Obe buys tamaracks seal property next.
Obe for a great deal as tamarack sunk a lot of money into peavine and gift lake. They explored and tested that property quite abit...lots of lease sites for Obe to drill from in future. Still some nice locations left near baytex sweet spot that Woodcote had.
USA companies are thinking big and Canada should be doing same over time.