12-12-2013, 05:01 AM
At times like this I even wonder why a company goes to all the trouble of having a listing. Whatever exactly happened in the PR intro of the deal and whoever is responsible for that, it must be terribly frustrating for management to see what they think is a very good business deal, securing a bright corporate future, being met by a rather epic sell-off and having to do a lot of explaining and/or hand holding.
The business deal is good. At $90, we were fairly priced, which led to people disappointed selling and short piling on, IMHO.
But lets simply look at the situation anew here. What happened, happened. We're at $55 or so, with a future much more secure, with a path to monetization, with big payments coming our way, and, perhaps most of all, with four, possibly five rigs starting to drill the living daylight out of some of these promising prospects..
The business deal is good. At $90, we were fairly priced, which led to people disappointed selling and short piling on, IMHO.
But lets simply look at the situation anew here. What happened, happened. We're at $55 or so, with a future much more secure, with a path to monetization, with big payments coming our way, and, perhaps most of all, with four, possibly five rigs starting to drill the living daylight out of some of these promising prospects..