http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/suncor-sells-petro-canada-netherlands/article1603117/
The story is significant to IAE as it is about Suncor selling off non-core assets that it holds.
Next to go will be the UK assets in the north sea, which I believe that IAE will try to buy.
Why else would you bring in the former Petro-Canada CEO, who was responsible for buying those assets in the first place.
No time line on this event, but I would imagine by the end of the summer? Just a guess, but it could add to the bottom line for a larger production profile.
To me that would be a good debt to have. We will see.
Andy
PS: PIE-X is having a good ride. thanks for the tip RealTime