PART II – what did we learn in 2010 and where is the next Cardium? Improving economics, higher oil prices and exploration that pushes the boundaries are three factors that could create even higher valuations in the Cardium play, industry executives say. The Cardium oil play has turned into Canada’s second biggest tight oil play, after the Bakken in Saskatchewan. Economics improved in ...

Part 1 of a 2 Part Series What mergers and acquisitions will happen in the Cardium oil play in 2011? In the last half of 2009 and the first half of 2010 the Cardium was the hottest play in Canada.  Valuations moved up quickly through late 2009 and the buyouts started with Daylight Energy (DAY-TSX) buying Highpine. Then valuations exploded into ...