I like the sounds of the 4-5 range. Worried it could end up being a 1.75-2 TOL to 1 PBN share buyout.
I dont see Encana wanting this company. Encana should look at Penn West. They gain oil exposer along with huge shale gas in the Muskawa shale in NE BC. Divest some assets and make a killing on there others. Penn West wastes so much money on there drilling programs and if they ran there operation like Encana does it wouldnt be in the tanks like it is today.
Just my 2cents.