RE:RE:RE:RE:RE:The Best Defense is a Good Offense Obviously GXE has options not least of which is stand pat and operate their business. They have seemed to have repaired their cash flow issue and if oil prices stay at this level can probably hang on longer than most juniors and wait for opportunities to arise as others falter alongside them.
They should look at RRL and also RZE's assets if they can beat the other scavengers to them.
no matter what the cry baby thinks.
More then one company has turned their fortunes around on opportune accreative acquisitions. Most recently ITE comes to mind. Also wondering if they could make an offer for ITE's Canadian assets? Beat up because of the recent commodity price dips they could probably use a cash infusion and local management trying to run it headquartered in Britain must be trying.
Hopefully they are looking at all options and separating the wheat from the chaffe.
GLTA
Roscoe747 wrote: Just for the sake of discussion, I wonder what a deal with Razor would look like if only the o+g was offered to GXE with AIMCO supporting the arrangement and buying in?
Or, a deal with RRL that provides 3700bbl/d and two conventional opportuunities at under $15k/fbbl. These are forced sales for debt only and may not be accretive but this is likely the type of business arrangement available to GXE, ie: no Tier 1 lands avalilable to them and no white knights on the horizon.
How about Privcos wishing to go public without all the greenfield cost structure of doing so? Is the M+A space in a positive atmosphere for dealmaking given the cost of capital and lack of investor enthusiasm. Is Gxe better off continuing on as they are with a cautious business plan and an opportunistic use of windfall cash flow?