debt vs cash1 billion barrel reserve for 75 million market capwith a debt trading at 20 cent to the dollar and they have 200 millions+.. if someone buy the debt on open market and make hostile takeover for 1$ a share it would cost them about 300-500 millions they would have 1 billion reserve 80k production or 60k? and be debt free now chance are high that unless they do it really fast and furious price would increase.