RE:RE:RE:RE:New Kelt Drinking Game!I agree, KEL is a highly unlikely deal with Waterous who has a record of buying cheap.
I own SCR and used to own PIPE and GFR. In one of its quarterly reports in 2023 PIPE management honestly revealed issues with H2S and the extra cost of dealing with it. Shares plunged and never recovered, not even when it was swallowed by Waterous and SCR went public.
Now everyone in the area, KEL included, is waiting for that new sour gas plant to enter service and save the day. Until then, SCR is not investing in Pipestone. Instead of expanding in the area, it would probably be better off selling it and use the proceeds to trim its debt or invest in heavy oil.