RE:Put your Thinking Caps on"Exec team is clearly focused on making a deal (farm-in or merger). Which has admittedly taken longer than we’d all like. I'm frustrated by the length of time this is taking like others.
But....
In the meantime, market conditions have improved considerably. Europe is in an energy crisis, Nat Gas has been added to Taxonomy and the world is about to have a huge argument with Europe’s biggest supplier (Russia)
Do y’all really think now is the right time to undermine VLE’s negotiation ability?
There seems to be a belief here that they are all somewhere on a beach drinking Pina Coladas. I am of the assumption that they are sticking to their guns and have so far avoided giving away the assets for less than they believe them to be worth. I am OK if this takes another 6-12 months if we end up with a great deal. I’d rather sell for $3-$5 in 6 months than $0.80 tomorrow."
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Hello SlowAndSteady7,
It is good to have the discipline when executing a deal.
But you need the greater discipline to recognize that you cannot perform and let someone else take charge.
When this Management Team states that they are "resuming" the quest for partner, they are saying they they were not already searching during the fastest rise in energy costs ever. What were they doing?
We seen beaten down prices in oil and gas stocks. Why in these two years were they not able to close a deal?
This Management Team cannot close a deal.
A Merger requires that the company you merge with respects you because in essence they allow you to run their assets and their Management bows out.
The current Management Team has a big ego to be the surviving Management but cannot perform. They do not have the respect of their peers to execute a Merger.
This Management Team cannot and will not close a deal and needs to shown the door.
The sooner the better.
Two years of milking the cow is enough.