RE:RE:RE:Target changesAgree completely. I had sold out a few weeks ago and was reluctant to get back in because of the new debt. Stock price was too tempting , bought back at the end of the day today. Kalantiz is a mover and shaker. Now SDE just needs to consolidate, accelerate drilling and hedge forward new producton. Debt can be paid back in short order.
fauxtomato wrote: I added a bunch between 4.70 and 4.90, anticipating the graduation to the big board and digestion of the offering will lead to graduatlly higher prices.
They're cheap here, the acquisition of Velvet adds more scale than it does bad hedges, and they'll still generate enough FCF to make the debt a non issue. The reason to own companies with strong balance sheet is for their ability to make opportunistic acquisitions or growth capex plans, SDE did both.