RE: RE: Potential RE and PXL Merger?
You're probably right. I do see more upside with RE since PXL's upside is constrained by their hedging program, small oil focused land base and large debt. A merger would probably benefit PXL more than RE. If only there were another RE type out there I think a merger could do wonders for sp by eliminating some of the small cap discount. In the same breath slow and steady wins the race, I like the long term focus of RE and I believe their team can get us to 10,000 b/d within four years without a major aquisition or merger.