RE:I bought more, advantage deal another confirmation 100% agree resilience
Some of the debt is expensive but it is really structured correctly. Some debentures, some termed out and some bank debt - it is the way to go.
have been anihilated too many times by banks changing their minds.
I heard on the street that the Montney land package that BNE put together has very similar characteristics to the stuff CPG was paying 5 million a section for this spring.
would be interesting to see what one of those megafracs up into three zones could produce.
probably still better off drilling 2-3 more wells and selling for cash once the acreage is proved up.
would be a great time to buy some gassy stuff. Is Petrus for sale right now?