RE:Deleveraging balance sheet = new deal for long term debt Interesting post Trade, but I have said here personally I am not really interested in a take over, merger or a buyout. I am banking on oil going higher, so far so good, and debt getting paid down, and share price going up. If the SP, reached one dollar, I might be willing to think about it. However, I think probably not. And I know there are a lot of other people who have invested in this company who are waiting for it to go higher than that. The value of this company lies in the resource they have control over. The debt is one thing holding it down, but the debt is nowhere near what the oil in the ground is worth, especially if the price of oil keeps going up. Staying long.