RE: RE: RE: RE: Marginelmo - quick comment if you can - back on November 20th, 3:35pm, you posted a terrific summary of your prediction for a buyout price. "Acquisition price" was the subject. Here is an excerpt from your genuine and insightful post ...
"Now, I'm an accountant, so I have to be CONSERVATIVE to MANAGE MY CLIENT'S EXPECTATIONS. So I'm naturally NOT GOING to use a SUPER AGGRESSIVE valuation like ~$5 billion after tax @ 10%. I was using $3 billion after tax. So I put the ABSOLUTE FLOOR on our take out price ~$1.35. Then, I used some more conservative numbers and came up with ~$2.00, which is probably a very REALISTIC price for us. A HIGHER price would be $2.50/$3.00, and I'd be SHOCKED if we were taken out at $3.00 (obv. this may change pending further drilling)."
QUESTION: With your current Buyout Pool prediction ($5.75 on September 20th, 2011) what are the main factors that you have taken into consideration that has allowed you to revise your thinking on buyout price to be so much higher now? [Obviously, I have an idea, but I'd rather not presume anything. Further, if you haven't deduced it already, I for one, am a big fan of your objective, finance-based, thinking, and so would appreciate hearing it directly from the source. Thanks in advance.]