RE:RE:RE:CIBC's view on the salePeople that have been investors of POU, know dept of the asset base, and participated in the constant development + monetization of assets.
POU has effectively 4 Billion in cash and securities on the balance sheet, plus and undrawn bankline and zero debt.
They also own a company Cavalier that alway participating in Land Sales, buying land to add to their land bank that is over 1.3 million acres, making land deals and participation with startup. Pou has a number of undisclosed private investments.
POU has optionality in what they want to pursue, and with which partner may be the question. POU management is well connected and is a King Pin in the Canadian energy landscape.
The Liard / Horn river are in the top gas basins in the world, and POU is one of the larges land owners there. Big wells and big gas.
POU has all kinds of oil opportunities, they run like a private company, you need to get use to that if your a POU investor.
POU have not told people the real plan, last time they monetized Kakwa assets, POU bought two companies (Trilogy, Apache), Established the Karr Play, spun off duvernay, smoky resthaven, a gas property to TOU, a gas property to a private group, the sold assets to bonivista, they own shares in pipestone and sold them part of their land base, farmout to Rubelite. Bought 37.3 million shares of NVA, Issued special dividends, and the list goes on.
So the this sale is just the start of things, for the next phase in their plan.
POU is a active company, buying, selling, trading, drilling, investing, and don't sit on their hands telling the market they have the best assets in the world. They understand oil and gas assets better than anyone.
IMHO
MHP