GREY:BXEFF - Post by User
Comment by
samsungjd43xlon Dec 01, 2014 11:03am
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Post# 23180754
RE:RE:RE:RE:$53,600
RE:RE:RE:RE:$53,600Yankesss, you maybe right. But it won't be at the $7 level that his been mentioned. Maybe the short term looks bleak, but everybody knows that putting together great assets and production of 50,000 is not an easy task.
If somebody wants BXE, they're still going to have to pay a fair price. North of $10 at least.
BXE is acquiring not disposing of assets. If they were in the position to have to sell, then why would they prodeed with an acquisition? They have years of JV funds to use. They can trim capex like the did todayband still msintain a healthy growth rate. Their debt is a little higher now but not a concern yet. So why would they sell?