RE:RE:Surmisingscienceguy36 wrote: IMO It would not be good for existing Sgy stock holders that are averaged in anywhere over .60. Anyway HWX is not going to acquire that kind of debt for SGY assets. They would likely be looking to buy existing producing wells from another company that wants to unload some assets..IMO
Actually Scienceguy36, by reading the Headwater Presentation, I get the impression that they are looking for a bigger bang for their bucks. In fact they state the following:
The energy sector has been under multiple years of pressure with almost no capital or liquidity; this pressure has created a large number of opportunities for well capitalized operators Pursue oil weighted acquisitions with modest decline rates, attractive economics, and a leading environmental and abandonment footprint
Ensure abandonment and reclamation dealt with on a continuous basis
Kherson