Have Faith :)I have to say, I have every faith in these guys and gals .. But even for the devout, the waiting is a bit painful. :P
I haven't heard anything to suggest that there is a problem with either of their deals and my understanding is that the closing conditions are very light and so to me it seems it is just the mechanics of acquiring 20,000 + bopd that takes a little time.
Once the deal closes, the numbers are wild and my expectation is low to mid-teens/share. And then there is that 100 million or so that will hit their bank account upon closing. It would seem to me that this capital would be most effectively used to make another acquisition of say 10,000 bopd? Now, by my books we are north of $20/share. And then there is the Thrace ;)
All just in my humble opinion ..
DYODD
All the best to longs,
Doc.