This company has a brilliant lineup of assets. If they farmed out only 50% of Canada assets it would be more than enough money to fund their development timetable for years to come.
The fact that Baillieus prices this stock up to about $3 a share for the next year tends to indicate that the current share price is ridiculously cheap. 22 tcf for $3 million for Canadian assets sounds like the deal of the century even if only 20% of GIP is recovered it would give MPO up to 4 tcf of productive capacity which is more than Gloucester with gas sold at a much higher US price.
MPO Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
