An obvious benefit is synergies in the Walyering JV: Eliminate all the JV and partner overhead when it consolidates into single owner. Won’t be huge cash flow so far better it’s only supporting one Corporate structure rather than being spread across two. I also expect strike will be able to add some value to the TEG drilling program next year; moreso than TPD can, and likely find some operational synergies with rig dates and contracts. Not to mention all the other standalone STX projects that you will now own a part of?
TPD Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
