Post by
Cheadle12 on Feb 11, 2021 3:25pm
Watch this..
This leaves the door open for a BIR/KEL merger. Kelt no debt, fast tracks BIR's debt free plan and sets up Kelt older shareholders for retirement (major dividends paid out 4 years from now with a debt free company).
https://www.bnnbloomberg.ca/video/debt-repayment-instead-of-growth-is-what-producers-are-focused-on-birchcliff-energy-ceo-~2137728
Comment by
geologist77 on Feb 11, 2021 8:12pm
That was a good watch. Tonken down plays high gas prices spurring gas production growth. We'll see how long that lasts before industry drills it back under a buck a mscf. Kelt isn't merging with anyone near term. There is too much undeveloped land to take this story into a deal. It will take some time, but they'll get there.