From  SeekingAlpha,   Bullish  on  ERF  which  looks  more  undervalued  than  PGF  . Both  have  50-50  nat  gas  and  oil/liquids.

 

http://seekingalpha.com/article/1121481-for-the-montana-bakken-players-is-montana-s-bakken-a-dud-part-v

 

 

PGF  should  not  buy  NAE.TO  (NAL)   but  it  should  buy  an  oilier   company......ERF   acquires   oily  producers  instead.