RE:RE:RE:BOD JOB PRESERVATION.....BNK worth a lot moreI didn't say that I think that oil stays down. I said that nobody knows when and if! The price offered is fair NOW!! NOT IF OIL IS HIGHER!! Your whole argument is based on WHEN OIL MOVES HIGHER. The fact remains that in this environment BNK can't afford to drill and they won't drill until oil moves sustainably above $45. Even then, they will only engage drills in stages. So until then the decline rates continue at 15-20%. A zombie! In the mean time there are plenty of other names as good as BNK that haven't appreciated because OIL hasn't moved. As for the tax/audit sure, it would be favorable to the stock, but how much? Again nobody knows. I have a BIG stake in this stock and I will tender. I will move on. So unless you can guarantee when oil moves ( which you can't ) this is a good offer. If you have some number comps you'd care to share to compel otherwise. Please post away. I anxiously await your comprehensive analysis LOL Cushy jobs? Really? You don't know what you are talking about!!!! There's nothing cushy about spending all that time away from your family, travelling in airplanes, sleeping in hotel rooms, different time zones etc. You don't have a freaking clue!!! I would take French's job for twice what he gets paid!!!! His only hope for a solid financial future is IF OIL GOES UP!!! You wouldn't have the balls to lay it on the line like he does!!!!