If you are a larger sized pure play in an area with long term running room, a good M&A approach would be to make appropriate and timely acquisitions within the basin that the company has familiarity with. It would be interesting to see if they can achieve going concern status as a pure play through doing this, if they also have the other important qualities such as a heathy full cycle ROCE, fortress balance sheet and the right ESG framework for the new energy transition.
If you are a larger sized pure play in an area with long term running room, a good M&A approach would be to make appropriate and timely acquisitions within the basin that the company has familiarity with. It would be interesting to see if they can achieve going concern status as a pure play through doing this, if they also have the other important qualities such as a heathy full cycle ROCE, fortress balance sheet and the right ESG framework for the new energy transition.
100% Joshua. I would say that PXD is best example of company pursuing this approach...SU/CVE/CNQ (mostly) as well.
Thanks Arjun. That was really helpful. Cheers John.
Thank you John.