RE:RE:RE:Suppose To Follow Oilnavajojoe wrote: Roscoe747 wrote: The dynamic for the oil patch is 'grow or die'. In this bull market that means either sell to a large, well capitalized producer or buy land or production and 'drill, baby drill'.
IMO, the smaller producers do not have the enthusiasm for growing due to the antagonistic political climate. The smart choice is to sell out, perhaps keeping some moose pasture for an Exploreco hived off the salable assets for a startup.
GXE, if it is marketable, will find itself in the crosshairs of a growing producer offering cash rather than shares. I suggest we take the money and run.
So much for your comments.
Still true. If it is marketable. Middling assets, big tax losses and long term cash flow may be attractive to an 'income trust type' producer.
Whats your point?