TT.TO wants to sell or make a joint venture for its Montney land. They also check the case to sell the entire company too but this is another scenario. Let's examine the option that TT.TO sells ONLY the Montney land and they keep their significantly oily Peace River Arch land and other lands too.
The gas and GAS LIQUID Montney land has a value around 3 BILLION
140,000 net acres with the average selling price of 24,000 $/acres = more than 3 BILLION $.
Now compare this with the market cap of TT.TO
The neighbors for TT.TO Montney land are the giants PETRONAS, SASOL, KOGAS.
PETRONAS has said they want to invest 5 BILLION more in Canada after PRQ.TO deal.
This is the link with the details and the average selling price of the Montney land: