Let's not kid ourselvesIt's not Dales decision.. if the funds that hold Crew decide they want to see a merger to unlock value, it'll happen. There will be a tiny premium at best.
Painted Pony Shareholders know this all too well.. so no, I don't believe in the 'stock price will take care of itself'..
MGMT needs to get on it, sell some assets, PAY OFF debt vs. just GROWING INTO DEBT.
Commodity prices drop? Then D/CF = 8x again and it's game over.