RE:RE:RE:RE:RE:I bet SGY gets bought outI averaged down quite a bit during this crisis so I would be OK with 50% premium from here. But for sure, both you and the whole management team would be probably not happy. PC was buying when this was at $8...he must be sitting on quite the loss. And the guy is only paid in stock (nominal cash salary) so he is really incentivized to think about the stock price.
I think it is one reason why we are not seeing that many deals. Firms like Surge are in no way desperate to sell out, hence they will only hold out for a very large premium and there you have it, no deal!
I truly hope we will double in the coming year. If markets change their views and believe we are going into an oil market with little spare capacity, the days of $30-40 oil will long be behind us. The fact that they can still make a very healthy profit at these prices is a testament to the quality of their assets. Long and strong!