Pengrowth announced a sale-lease back transaction with Frog Lake Energy today:
http://boereport.com/2016/04/01/peng...-at-lindbergh/
I tend to view sale and leasebacks in a generally negative light.
It brings in $ for Pengrowth, but at the cost of ownership of an important piece of their SAGD facility. Not to mention the ownership of the co-gen moves to a FN. Slippery slope indeed.
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Pylon on the Edmonton Oilers:
"I am actually more excited for the Oilers game tomorrow than the Flames game. I am praying for multiple jersey tosses. The Oilers are my new favourite team for all the wrong reasons. I hate them so much I love them."
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