Quote:
Originally Posted by CaptainCrunch
How many people are left working at Pengrowth?
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I think Calgary is 40ish
Plus the staff at Lindbergh as it’s still operating.
They are a cash flow positive asset so it’s really just needs a financier taking on the debt. Lindbergh will produce oil for someone. It’s resivoir is quite interesting and can produce some surprisingly low SORs (Steam Oil Ratio).
So overall you might see some job consolidation with the acquisition but it’s not as bad as a full shuttering of the asset.