RE:The New Elephant In The Room - 300,000,000 Shares For Sale?65F09A wrote: It only took a month to get the Eagleford elephant resolved. Riski was very quick to tell me at $6.16 (Jan 27) that everything would be fine, Greager would make sure.
Now we have 160,000,000 (Juniper)-300,000,000 newly minted shares that can and will be sold at $5.74 with a very short lock-up. Juniper isn't here because they think BTE can do it better. Private Equity always over hangs an equities valuation. It came up on the call yesterday that it was an over hang on Rangers valuation. Now it is our problem!
I sure hope Gambino has deep pockets because we need some BSD American like him to buy a few hundred million shares.
What about the accretive metrics and increase in production to 150k bpd. They might as well buyback what Juniper has to sell . Lol , the FCF over 3 yrs should allow them to buyback Junipers stake