RE:RE:RE:RE:a little bit of info to helpGetting Inga developed was a long journey and, among other things, included the acquisition of Artek Exploration - at a higher price and premium compared to what we are seeing today.
Given the improvements in technology and the cost of drilling and completions plus better understanding of geology and better experience, I believe the company can develop Condensate-rich Pipestone, or Flatrock, or both, at a much higher pace, errors free and lower cost than proceeds from Inga.
Just need a recovery in oil prices which is reasonable to assume will happen when the economy, lives and international air travel recover from Covid. Debt free and some cash in the bank this management team can afford to wait, while getting paid a decent salary.
But you never know. Mergers often happen as a surprise. Would be nice if the co had a plan and shared it with shareholders. Tough to have a long term plan in this business anyway with so many unpredictable factors and events. All these talks about various marriages and asset acquisitions/dispositions are interesting at first but when posted every day with some ridiculous proposals and speculation, it becomes a nuisance.
Cheadle, gives us break, wait for Q3 release at least.