RE:RE:RE:RE:RE:RE:RE:don't want to interrupt anything but..."However fundamentally this is a different company than it was 2 years ago."
looking back a few years i'm not all that sure that it is really all that much different fundamentally.
other than oils trading range. .today we have the stella catalyst of a double in production, in the past we had a similar situation we had athena and the valiant take over and the sumitomo purchase which together were supposed to pretty much double production, oil was 100 bucks a barrel, we had much less debt and way less shares outstanding. we all know how iae executed those plans, lol. so now we have a situation where our target production is somewhere over 20k which is about 25% higher than a couple of years ago projections (no stella inc) . but now we have about 25% more shares outstanding and way more debt, plus a pofs-1 that was originally built in 1977, and about to open up stella which looks to me like another athena in the making, and now iae has to go out spend a lot of money drilling or buying assets to build reserves. looks like a complete circle jerk imho, hahaha
looks like royal dutch shell has a package of north sea asstts for sale for 2 billion, not sure what they are, in the globe today and looks like the canada pension plan invest board is looking at it.
cheers furball