RE:Interesting thoughts, guys.
Well the way i see it is like this, POU = 27 dollars a share cash+securities+Fox drillion.
Pou now has all owned infastructure in place for North Duvernay and Willesden Green, that means that those are going to be high return barrels with greater than 50% oil weighting. Very valuable with owned infastructure.
So the day the dividend happens POU with have roughly 1-6 - 1.8 billion in securities on the balance sheet and at least 30,000 boe/day
Year end they will have 45,000 boe/day and likely 1 billion at least in cash and securities. Depends what the adjustments are on the sale.
That 22 dollars a share without any value given to the boat load of properties POU holds.
My guess with sinclair and horn river activity, Laird, it will be higher. POU is looking to drill high deliverable dry gas, that is cheap to produce but good for LNG. Nobody really tells JR what to do, but if Woodside is your partner they might suggest what they need? That would be my guess.
Another guess is Jan 20, the LNG terminals get the green light in the USA.
IMHO
MHP