RE:Even though I have him on ignore...I coud not agree more with your point. What on earth could an activist investor add here?
We are building held back by the telegraphed announcement of a major acquisition. Until we know what it is and how much we pay for it, the market will be in a "wait and see" approach. I am not sure it was smart to announce it like they did but I guess they wanted to dampen the expectation of a big dividend hike or a big share repurchase. My hope is that the current weakness throughout the sector will give them a nice opportunity to acquire a major play around acreage they already own. Let's see!