RE:RE:RE:RE:Bottom?
That pursuit of acquisitions should place a much greater emphasis on Asset valuations.
That is what I am waiting for , and I do not feel it is very far away.
I have never said it before, but I am ready for a buyer the scoop the firm. I will be the first one to vote in favour.
Oldnagger wrote: For markets that have a very extreme short term fixation , Reserves carry only a minor importance
Yet it is my personal theory that there is a growing longer term tightness in both crude and natural gas.
For many US producers , their best acreage has already been produced. Yet Canada has plenty of prime real estate as evidenced by the very high rates of return on drilling that have been witnessed up til just recently.
I believe that in todays markets more producers searching for higher rates of return will be looking to acquisitions as well as buybacks to keep their own shareholders happy. That pursuit of acquisitions should place a much greater emphasis on Asset valuations.
That is what I am waiting for , and I do not feel it is very far away.