Post by
soundandfury on Feb 18, 2021 8:20am
250 wells @10 million each......is 2.5 billion $
Basically shell gave cpg the land and infrastructure and 160 wells to cpg for free..........cpg only bought 90 wells @10 million= 900 million...........900 million would be what cpg would have paid to drill 90 wells......this seems almost to good a deal to be true.......imho
Comment by
Anschutz on Feb 18, 2021 8:27am
Agree crazy stupid... unless it's all part of a larger plan now that Shell is a significant CPG shareholder. Maybe Shell knows CPG is planning to raise the dividend... LOL. Regardless this deal will have ramifcations throughout Canada's oil patch. I think we may see all boats get a lift today, especially if WTI continues heading higher.
Comment by
Backinblack1000 on Feb 18, 2021 8:31am
This post has been removed in accordance with Community Policy
Comment by
Anschutz on Feb 18, 2021 8:35am
It's an animated GIF image file. It's not possible to embed sound. Anyways I thought you were the SH sound guy?