Hi T Man: Another Canuck! And a Wayne Greatzky fan too. Welcome.
WCX and TDC are drawing ever closer, with the same principals, same country not too far apart, and the JV on Big Sky which is having success. I believe WCX has now fulfilled their obligation this year for the buy-in @ 50% with their more than $100,000 spent on drilling.
Personally I think collaboration/JV/merger can work well, with short term and long term production in the shopping cart, but it depends on the terms.
At this point I don't personally have any WCX (just a lot of TDC and on the verge of buying more at this great price) but a good hedge would be to obtain some WCX, I just don't like the price right now at .40 (although the ask is .32 with no trades today on the TSX.V), it was down in the .25 range a short while ago and may return there but we shall see. Best... Ike