RE:RE:RE:I think the stock is real attractive hear at this priceI agree with your thoughts. I was trying to be risk specific as it relates to Surge, because it does seem to have suffered a little more than the macro winds have affected other producers of late.
I trust you are right about the quality of the Renegade assets. I was not certain they were specifically those that Renegade had purchased from Penn West.
We will see concerning the latest Penn West divestiture, they have said that the deal will be done in March, so it kinda makes sense that Surge would want the latest deal settled before any new announcements. There us also the fact that the buyer wanted specific assets but settled for a package that included a lot of deadweight low production wells and shutins and land with a large gas weighting. Perhaps Paul has plans for the deadweight, or just wants to pad Boed. The cost was very low on a flowing barrel basis.
Tome will tell.