RE:RE:Question?Ditto.
We went from seperating Logan + Spartan based on a growth platform and a yield company. That was the entire justification. Logan assets got transferred at 25% of the current market value of those shares, and then we raised money against that super low valuation.
If Spartan was just going to turn around and build another growth platform in an area that has been overlooked by almost everyone, why did we even do the Logan carve-out?
We basically alienated all the investors that stayed for what was supposed to be a distribution company and caused the shareholder base to turnover. If I wanted more growth I would have just taken distributions and bought shares in growth companies.
I could understand if we were going to consolodate the Deep basin and pick up some assets there that could be accretive to existing production. But here we are venturing into a new play, completely unannounced and unfitting with the strategy, which was supposed to be a yield co, then consolodating the deep basin, now it seems like it's anything.