RE:RE:RE:Thoughts on recent eventsJohn should the buyback be such a priority if once in a decade strategic opportunities may be put there in peace river.
i suspect if they ever have to expand further in peace river they will use a debt instrument attached to some warrants. Obe warrants would have good value as a clear line of sight exists for Obe over time...at some point in time baytex or Tve may have prop property for sale at cheap terms.
With enough capital invested that whole peace play if merged could be 65-80k boe..big size with potential for more as technology continues to unlock more oil.
is a gain to merging from waterflood efficiency...at some point in time that Clearwater goes into waterflood and produces will but in marten hills and nipisi area the operators are water flooding with good success in Clearwater.
Obe got a fairly amazing deal on that Woodcote stuff