together with another non core asset disposition for 14mil.
"Lone Pine has executed $115 million of non-core dispositions since the third quarter of 2012"
So they can pay off 1/3 off their debt instantly. Man this stock is undervalued as hell.
Sentiment: Strong Buy
This is what i was getting at yesterday...
sset sale announced for $14 million, 74% natural gas. Works out to $49,000/flowing BOE/d which is pretty good for a gas weighted asset. Proceeds to pay down debt, further derisking the balance sheet.