RE:ARC: Good Offer for TOO, in line with the Peer GroupThe only fly in the ointment being that the Toro land position is poor. Depleted pressure in Hamilton Lake and scattered shows on the rest. Second tier prospects which is why the usual Viking players did not jump on it. Toro did nothing but destroy value. , unless one was smart enough to participate in only the last financing.
Steelhead must have been panicking to make a deal after searching for over 14 months. Hopefully they can make a silk purse out of a sows ear.