GREY:BXEFF - Post by User
Comment by
Steelhead15on Dec 08, 2013 12:27pm
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Post# 21983568
RE:RE:Joanne Hruska
RE:RE:Joanne HruskaI sure like the endorsement of Angle. From what I've read and seen, Angle had too much debt to develop their assets. Since BXE now has the assets and debt it makes me think the core problem remains to be solved within the BXE framework. I see more JV model action to solve the dilemma.
I've heard some don't like the JV model. I like it a lot. It helps develop assets without dilution or debt. I hope for an additional JV to ramp up the oil ratio for BXE. The JVs they have done already don't hurt the derisked drilling sites by much.
If they don't go JV I can see BXE as a very tempting plum to be bought out. The undrilled assets only get more valuable over time.