Nice couple days. Congrats to all unit holders......
We think that the thermal bitumen makes great sense for Pengrowth because it offers a sustainable business model with long life reserves, low declines and better capital efficiencies than alternatives like natural gas or light oil. In our view, this makes it ideal for supporting a dividend. We have a very strong thermal bitumen asset at Lindbergh, whose pilot result suggested is one of the better thermal assets in Alberta. As well, we have an experienced and talented team to develop that resource. read more »
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