Thursday, July 15, 2010
Monterey's acquistion by Pengrowth, a good sign for SPI?
Pengrowth will by acquiring Monterey Exploration for $366 million. The prize of that deal is the 19.0 net sections that Monterey has in the Groundbirch Montney. This is a good sign for Canadian Spirit Resources Inc. (SPI) as they have over 29 net sections in the Montney. Could there be other companies that are candidates for acquisition?
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