Obsidian needs to be taken out and that entire managment team shot (then shovel and shut up).
Obsidian needs to be taken out and that entire managment team shot (then shovel and shut up).
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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.This quote is hidden because you are ignoring this member. Show Quote
Don't forget they bought all of EOG Canada.This quote is hidden because you are ignoring this member. Show Quote
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Looted for the shareholders who lost a shit ton first.This quote is hidden because you are ignoring this member. Show Quote
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.This quote is hidden because you are ignoring this member. Show Quote
I'm surprised they have enough money to keep the lights on.This quote is hidden because you are ignoring this member. Show Quote
Ultracrepidarian
I hear the Osso Bucco at Bonterra amazing but I don't make 89coupe money.
Everything I say is satire.This quote is hidden because you are ignoring this member. Show Quote
Actually CNRL bought EOG Canada, Tundra bought the rest.This quote is hidden because you are ignoring this member. Show Quote
Tamarack about to be bought or merge I hear....
Heard a rumour CNRL is gearing up for a big acquisition.
Going to be a “major” gas player apparently.
Damn it i was wrong they just did a bit of M&AThis quote is hidden because you are ignoring this member. Show Quote
Encana or Tourmaline... I dont know of many major players, but im surprised they haven't done any acquisitions yet.This quote is hidden because you are ignoring this member. Show Quote
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
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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 outThis quote is hidden because you are ignoring this member. Show Quote
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.This quote is hidden because you are ignoring this member. Show Quote
Ovintiv, Tourmaline, ARC, Peyto, Seven Gen, BirchCliff...This quote is hidden because you are ignoring this member. Show Quote
Ultracrepidarian
Peyto was my first thought.
This sounds inconsistent with their primary business model, non?This quote is hidden because you are ignoring this member. Show Quote
Canadian gas will be $2/GJ for decades to come, won't it?
Figured it would be to shore up diluent.
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
fact.This quote is hidden because you are ignoring this member. Show Quote
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.
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