Well, I liked the press release so much I have already put in my buy order for the morning. I'll take one Spartan please.
Well, I liked the press release so much I have already put in my buy order for the morning. I'll take one Spartan please.
eli5???This quote is hidden because you are ignoring this member. Show Quote
This quote is hidden because you are ignoring this member. Show QuoteOriginally Posted by SugarphreakThis quote is hidden because you are ignoring this member. Show QuoteThis quote is hidden because you are ignoring this member. Show Quote
Some companies are worth a certain $ in share price vs $ in production.
SDE is lower than some peers. So maybe the parts of SDE would be worth more than the whole? Suspect the market is not giving "full value" for the acquisitions, or has some reason to dislike them vs other Canadian "non-oilsands" names. I personally like the assets, mostly, but that's only because they are in areas I've worked. Assigning a value to a basket of assets is outside my scope.
I do feel like the market would figure it out over time. But boards have a duty to shareholders to maximize, so they are looking at options.
Purchasing companies almost always results in a short to med term price valuation drop since you're taking over assets that haven't been performing well.
SDE is a great buy. Keep buying.
*I also own shares since $7.28
Heard a rumor people were looking at Obsidian. Don't think that makes sense, but I'm not in the a&d space. Mike you guys wanna buy that?
GMT’s open letter re Pipestone acq pretty spicy
https://boereport.com/2023/09/21/ope...resources-ltd/
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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There's a pretty big ARO liability with Obsidian. Maybe someone was interested due to the Peace River growth plan announced today? 100% WI might be attractive to some.
Last edited by bigboom; 09-21-2023 at 10:25 PM.
Peyto buying Repsol might be a sign that buying silly amounts of ARO might not be as much of a deal breaker as people thought.
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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ARO is better the further north and west you go, right?This quote is hidden because you are ignoring this member. Show Quote
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ARO is just the new debt.
Lever up!
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.This quote is hidden because you are ignoring this member. Show Quote
LikeThis quote is hidden because you are ignoring this member. Show Quote
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I love that. Pissed off guys with money are so articulate when they shit on peopleThis quote is hidden because you are ignoring this member. Show Quote
That ARO was a little silly. There was a bunch of caveats protecting the buyer essentially stating if actual ARO was over their estimated ARO by "X" amount then Repsol would share costs, but it was still significant. For any midsize company that has had any sort of focus on liability reduction it would have set them back quite a bit.This quote is hidden because you are ignoring this member. Show Quote
This quote is hidden because you are ignoring this member. Show QuoteOriginally Posted by SugarphreakThis quote is hidden because you are ignoring this member. Show QuoteThis quote is hidden because you are ignoring this member. Show Quote
You know what they say.
You have to Peyto play.
*I'll see myself out.
lol, just came across this where the Government of Canada expects WTI prices to be $52.50 in 2030 and $40 in 2050.
They're even more delusional and bad with budget estimates than I thought.
https://www.cer-rec.gc.ca/en/data-an...nds/index.html
Despite the spicy letter, merger was approved between Pipestone and Strathcona
Ultracrepidarian
Wow that's a gem. Maybe double thatThis quote is hidden because you are ignoring this member. Show Quote
Z32 TT
1996 Integra - winter beater with studs - RIP (deer)
2002 WRX - to be sold
2010 sti - winter
Clearly the US feels 2x differently about WTI pricing
https://www.eia.gov/outlooks/aeo/dat...22&sourcekey=0
Ultracrepidarian
Well, I know which horse I would bet on for this race between the two
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.This quote is hidden because you are ignoring this member. Show Quote
We actually have an oil price thread.
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