3min chapter

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Shubham Garg: Small-Cap E&Ps & Launching White Tundra Petroleum

Value Hive Podcast

CHAPTER

The Importance of Clean Assets

The M&A market in Canada has changed. Everybody's buying old legacy, kind of like drilled up land and acreage anymore. They want fresh pools. And the reason these pools are out there right now is for the aforementioned shortage of engineers, the shortage of capital,. The increase in technology. So previously, we could not drill horizontally into a two meter thin zone. You just couldn't. Now you can go exceptionally straight in these channels. But because the channels are so porous and they're so filled with oil, oil saturated and the permeability is so high, they are exceptionally economic.

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