Get back to business Just for the record..this company will not pay a divy nor they should. Given the nature of expenditures and growth profile this company will retain a large cash balance and will buy more properties to develop and create value. Secondly a share buy back will not occur for the same reason. They will look for assets with a for sale sign and also will not buy any other company. The easiest and proven way is to continue and focus on the same strategy. Also I am sick of all this take over talk. I have never bought a company on this basis rather prefer to buy based on fundamental values and if that were to happen ... So be it.
What I would like to understand more about is the decline rate of these types of fields and the reserve life of each. My sense is that they peak out in two years and then start to decline so they will always have back fill. Not a bad thing as long properties are available at reasonable prices.