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?

No comments:

Post a Comment