Any update on CBU?
7 replies (most recent on top)
My speculation:
- Nobody is willing to pay us what we are asking for.
- Recession comes in the next 6-18 months with oil prices dropping back to 30s range.
- Chevron Executives freak out and are willing to accept whatever. CNRL comes in and buys it for 10-20 cents on the dollar.
- Profit?
Where are we at with this? Any idea if it will be wrapped by end of Q4?
Frac is done in October, with the ending of that will also be the ending of most of the employees
If the haven’t laid up the frac spread the no worries
No interested buyers. Time to just shut her down.
They’ve said timeline is on track, which means “implementation” in q4. My guess is there will be a mass termination event just after the pdc placements are announced at end of Oct.
No news since announced in January