A new neighbor, to replace Shell who requires 15 meeting to make one drilling decision.
CPG just made a great acquisition for 900 million, yes 900 million dollars to get a pass into the duvernay. So if you think that POU's duvernay assets were worthless just add a 900 million to that number because their assets are better and POU will now they now be the door they are knocking on regarding asset purchases.
https://www.crescentpointenergy.com/sites/default/files/uploads/presentations/cpg_february_presentation_final_-_kaybob_duvernay.pdf The duvernay is going to heat up, now the players are changing we have Murphy and now Cresent Point and we are off to the races.
Who by the way is right in the middle of Shells play development? non other than POU, so CPG wanted a project with low royalities, 5% in the duvervay, with large reserves 500-750 MMboe per well. They also want a play with running room and they got that.
So Duvernay is the place to be, and now shell can gow away and open up another wind farm.
900 million in POU's back yard, would add 7 dollars a share on a fully diluted bases. POU has the best lands wehn people want to spend money.
Activity is picking up in the Canadian patch and POU is about to blast off.
IMHO