RE:Reality.. IPO is simply not very capital efficient at these gas prices. Apart from their oily Belly River the rest of their better wells are gassy.
All Cardium only gassy guys struggle at these levels.
they should consolidate, but everyone likes their cushy jobs.
IPO should merge with BNE. Though I am not sure I like it that much anymore at least the financial combined situation would be beneficial and they pay a divvy. Aligned with what we want. Though it might be at risk.
OBE & now BNE are in a better position as they have better capital efficient options.
R.