Added today after listening to Waterous @ Peters and CObasically, the most compelling part is how he wants to bring up the trading liquidity which he recognizes as hurting the valuation. his target is the TSX Composite Index which will create passive index buying. Thinks he can return back to the LPs in his fund over the coming two years to accomplish that. Doesn't see M&A via share issuance given the depressed trading price and won't take on more debt from the current $2.4 billion. growth capex funded down to low $50s. plans to rambo up production as 38 years is too long of a RLI in his view.