Reality.. Reality is if all the stock prices remain depressed of the cardium listed companies....ipo, Obe,Bne, ygr,fiddlehead like 10-14 cents, Petrus....these share price of that list can not all make it through 2025 without a few from list doing some kind of transaction to increase shareholder value in mergers and acquisitions. Aeco is still only 1.80 and it is a cold December so far....
I expected some deals in 2025 from that list of cardium companies.
yangarra and orlens have been only companies drilling this fall in cardium.
so I think yangarra is under least pressure to do some kind of deal, sure ygr price has grumpy retail shareholders but their management team looks to be in it for long haul.
Ygr instantly licensed 7 wells on their jv with Samsun energy so I would assume they start drilling in early January. I think ygr on the cheap will continue to expand if valuations stay low and it is near their land base.
but imo I don't think you can sit and not drill for months and have share price hold. No drilling means nothing is added to balance sheet barely for property plant and equipment so at some point if you don't start drilling depreciation starts to bite.
bigger warning is if cardium companies don't drill in January. This could be best aeco could get in awhile soon. I expect aeco will hit 2.50 plus if this weather continues soon which is at least in right direction.
Even a company like Saturn, a lot of their cardium is so gassy they should be drilling it to sell at 1.50 aeco.
but deals or some kind of transactions should be coming within six months with aeco doesn't get over 2 bucks for summer of 2025.
the market is hammering in play oil like their divy will be cut, being priced in...