What do you see as the one foot bars?
I think there is value (as a whole) in Ithaca, Pine Cliff, Crocotta, Long Run, Bellatrix, Zargon, Manitok, CNRL, Athabasca, Encana, TransGlobe, Legacy. I wouldn't want to just own one, but I think a group of them will work out fine over time.
I agree on the group, a few will be taken over and you will win overtime vs owning one and holding.
What do you think of Iona Energy Inc.
As a stand alone, I haven't done enough work on it (management, decommissioning liabilities, asset history, etc.), but at first glance it looks good.