RE: For financing they have a solid multi billion DO your numbers reflect that SNV does NOT have a 100% working Interest? Do your numbers account for a reduced per BOE price based on heavy oil differentials?
I have no issue with SNV as a company, slow and steady will win the race here...BUT let's keep the discussion real.. SNV is a Prospector at the moment...the next pop is NOT going to come from production it will come from the reserves report... If there's Heavy black gold under the sand... PRODUCABLE heavy oil then the bean counters for a host of multi-nationals will be banging on their calculators to determine fair market value for the assets SNV et al are sitting on... these companies are here to prove up the asset base... then they'll pass go collect thier $200.00 and let a company capable of a 200-400 well/year drilling program have the land for a hefty sum + a GORR... before now and then... there's going to be buy ops and sell ops...speculation of what SNV as a production company is worth in my opinion completely premature and pointless
it's my opinion git yer own and DO your DD