Confused on cost of production, page-32

Plenty of M & A activity in the industry atm in North America.

"Data suggest that players in the upstream M&A markets are growing more active. In the US, PLS tallied 27 deals during the 30-day period from March 17 to April 16 for $2.7 billion versus 23 deals for $1.5 billion the prior month. A major driver for deal market recovery is growing confidence among both buyers and sellers that oil prices may well have marked their low point."

People are bullish and no one is writing off oil just yet. This is a massive takeover by trans Canada. Infrastructure on a grand scale. Companies are investing and POSITIONING for the future.

"....the largest deal by far is TransCanada's transformational $13.0 billion acquisition of Columbia Pipeline Group at an 11% premium to Columbia's prior-day closing price and a 32% premium to Columbia's prior 30-day volume weighted average price. The deal adds a premium natural gas pipeline network of nearly 15,000 miles of interstate natural gas pipelines to connect growing Marcellus and Utica supplies as well as a direct line that can be reversed to deliver supplies to the Louisiana Gulf Coast and LNG exports. With Columbia, TransCanada has one of North America's largest natural gas transmission businesses."

If 88E can prove up Icewine, then I reckon the bids will fly.