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Thread: Oil and gas consolidation 2021

  1. #21
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    Obsidian needs to be taken out and that entire managment team shot (then shovel and shut up).
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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    Quote Originally Posted by cjblair View Post
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    I can't tell if you're disagreeing with me. For those people, the risk to reputation is equal or > capital risk... and in a sense, because their reputation and track record of proven success is required to get investors (as you said), they are kind of one in the same. Reputation/personal brand risk is significant for someone like that.
    Not disagreeing, just making a comment based on what I have seen at some of the places I have worked. Certainly the reputation can be just as valuable as a financial contribution in some instances, but if they're already ~50 years old with more money than they know what to do with from previous ventures (the position most executives seem to be in), and they get investors to give them money, they don't really have any risk. That is the scenario I personally have seen most often, but if it's a new startup or something that someone is personally backing financially, then absolutely they are taking a massive risk.

  3. #23
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    Quote Originally Posted by killramos View Post
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    NAL Is just NAL to my knowledge. Manulife funded oil co
    Don't forget they bought all of EOG Canada.

    - - - Updated - - -

    Quote Originally Posted by ExtraSlow View Post
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    Obsidian needs to be taken out and that entire managment team shot (then shovel and shut up).
    Looted for the shareholders who lost a shit ton first.

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    I was just commenting that the name isn’t an acronym
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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    Quote Originally Posted by schurchill39 View Post
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    What is everyone's thought on Obsidian's attempt at a hostile take over of Bonterra?
    I'm surprised they have enough money to keep the lights on.
    Ultracrepidarian

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    I hear the Osso Bucco at Bonterra amazing but I don't make 89coupe money.
    Quote Originally Posted by 89coupe View Post
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    Beyond, bunch of creme puffs on this board.
    Everything I say is satire.

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    Quote Originally Posted by mr2mike View Post
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    Don't forget they bought all of EOG Canada.

    - - - Updated - - -


    Looted for the shareholders who lost a shit ton first.
    Actually CNRL bought EOG Canada, Tundra bought the rest.

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    Tamarack about to be bought or merge I hear....

  9. #29
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    Heard a rumour CNRL is gearing up for a big acquisition.
    Going to be a “major” gas player apparently.

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    Quote Originally Posted by riander5 View Post
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    Tamarack about to be bought or merge I hear....
    Damn it i was wrong they just did a bit of M&A

  11. #31
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    Quote Originally Posted by vengie View Post
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    Heard a rumour CNRL is gearing up for a big acquisition.
    Going to be a “major” gas player apparently.
    Encana or Tourmaline... I dont know of many major players, but im surprised they haven't done any acquisitions yet.

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    Fucking Topaz had a chunk of the Tamarack deal too. I wonder how long that whole game will last.

    I could never figure out what highwood did (Chinese?), bizarre little company but it seems they are basically gone now.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

  13. #33
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    Quote Originally Posted by killramos View Post
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    Fucking Topaz had a chunk of the Tamarack deal too. I wonder how long that whole game will last.

    I could never figure out what highwood did (Chinese?), bizarre little company but it seems they are basically gone now.
    No one I knew who knew about this deal had any idea what highwood was all about. I heard the assets they gave up were pretty unreal for the price so they just must have wanted out

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    They tried to buy the peace river oil sands Chinese JV stuff from pennsidian and backed out of the transaction. That’s all I ever knew about them.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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    Quote Originally Posted by vengie View Post
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    Heard a rumour CNRL is gearing up for a big acquisition.
    Going to be a “major” gas player apparently.
    Ovintiv, Tourmaline, ARC, Peyto, Seven Gen, BirchCliff...
    Ultracrepidarian

  16. #36
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    Peyto was my first thought.

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    Quote Originally Posted by vengie View Post
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    Heard a rumour CNRL is gearing up for a big acquisition.
    Going to be a “major” gas player apparently.
    This sounds inconsistent with their primary business model, non?
    Canadian gas will be $2/GJ for decades to come, won't it?

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    Figured it would be to shore up diluent.

  19. #39
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    Peyto or Ovintiv (Canadian assets) would make the most sense to me.

    I can’t see CNQ getting any of the others for a price that would be accretive and or even wanting them at all.

    That and I think you could get them for relatively low dollars, frankly CNQ isn’t as flush as they once were.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
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    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

  20. #40
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    CNQ can make as much gas as it wants from existing lands. Probably cheaper than buying Peyto too. OVV only makes sense if they are doing it as asset sales, not a corporate transaction.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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