RE:RE:RE:CJ's deal and tremendous undervaluation versus TOG and SPE
@stockfy, how is this deal better than the Delphi Energy land aquisition and financing that you slammed a couple weeks ago? This financing is more dilutive to existing shareholders because of the very low shareprice the financing was initiated at (a 52 week low) AND the fact the share float of CJ increased almost 40%. DEE's share float was only increased by 17.5% and was done at a share price 45% higher than the 52 week low. I would have preferred more use of debt s Im this deal so at least there would be leverage to a rising oil price and more upside in production per share of drilling up this new land. If you disagree, I would like to see numbers on shareholder dilution and production metrics to justify what you are saying. The market clearly liked the financing by DEE better (DEE closed up 4.6% on May 24 vs CJ was down 7.97% today).