A New Era for POUAlberta has asperation to double their Oil and Gas Development, and POU is has the assets to make this dream a reality.
Not Good Enough
1. Pou could of bought Westbrick for 1 billion because they already own a piece of the company and would have had almost 3 billion left on the balance sheet in Cash and Securities.
2. POU could buy the remaining 85% of NVA that they don't own from roughly 2.6 billion and still have 700 million left over from the sale and be producing north of 120,000 boe/day.
Neither one of thes deals were good enough, because POU has other plans that will do even better for the share holders in the long term.
What would i do?
Well maybe i would put 250 million dollars into a clear water company, spin off almost 300,000 acres of land, and have a oil company producing 50,000 boe/day and 4 years. That may be an option.
Or perhaps I would Create a Meg2 with a sagd project that will be producing 50,000 boe/day in 3 years and with a 4 billion dollar market cap.
Or next year Wilesden green 240,000 plus acres will be producing 50,000? boe day after the third gas plant comes on, would it sell off the infastructure and sell off the play for another 3.3 billion dollars?
Or would I partner with woodside to supply an lng terminal from Liard/Horn River one of the top 10 gas basins in the world and produce that limitless supply of dry natural gas, to the world market selling the gas at Asian Prices.
POU has something better to supply share holders, better than we can imagine, and this is a case where you have to trust JR, as he will deliver for shareholders. Being a shareholder of POU you have to realize that there are always lots of irons in the fire, and you only get to see a few of the hot ones.
Remember 2024 and the year he gave you a $15 dollar christmas gift.
IMHO
MHP