RE:RE:just a thoughtflintabattey wrote: With the uncertainty of short term oil prices (2-5 years), it is a good decision by management to grow the asset rather than simply sit back, spend only cash flow and watch production dwindle (along with sp). Question remains, will Shell step up rather than watch this world class reservoir be taken out of play forever to them......I think yes, we will see a white knight and management knows it, otherwise the break fee would have been substantially above a paltry $20 million. I am still of the belief that $2.67 will be the ultimate sale price per share.
Shell might step up, but the market will tell us the chances of that next week. I had $3 dollar 2-year target on this holding, still within a realm of possibility...