Market Impact: We believe this transaction is neutral relative to the current share price. While we view this deal as a positive move for the Company in the long term, we are concerned that many current shareholders owned the stock on expectations that the Duvernay would fetch a significantly higher valuation. As such, we expect a volatile next couple of trading days for the stock but would be surprised if it did not eventually revert to a level not far from Wednesday's $1.46/share close.